For instance, Federal Reserve research based on the Survey of Consumer Finances notes that, in 2019 “the typical White family has eight times the wealth of the typical Black family and five times the wealth as the typical Hispanic family.” 2 The COVID-19 crisis has made existing racial disparities even worse.
Low-wage and minority workers have experienced disproportionate harm to both their lives and livelihoods as a result of the COVID-19 crisis. As you know from the communities you serve, the crisis has exacerbated pre-existing disparities in the labor market.