How COVID-19 has impacted Black-white financial inequality

| Article
John Euart Munya Muvezwa Tawanda Sibanda Olivia White
COVID-19 has disrupted everything from economic markets to personal finances, but not everyone feels its effects equally.
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Time to examine the financial system
Compared with white Americans, more Black Americans say their job and income have been negatively impacted by COVID-19.
These factors have contributed to increased financial vulnerability among Black families.
Use of financial services
The greater need for financial services also extends to seeking advice.
Satisfaction with financial services
Even though Black people were less satisfied with banking services, they were more likely to say that bank performance was above their expectations.
Time to examine the financial system
Compared with white Americans, more Black Americans say their job and income have been negatively impacted by COVID-19.

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