Wealth Surged Amid COVID but Debt Endures for Poorer Black, Hispanic Families
Written by Black Hot Fire Network on December 5, 2023
Overall, 1 in 4 Black households and 1 in 7 Hispanic households in the U.S. either had no wealth or were in debt in 2021
Pew Research Center conducted this study to understand how the economic downturn in the COVID-19 pandemic affected the wealth of U.S. households during the pandemic. We also emphasize how the financial impact varied across poorer and richer households and within and across racial and ethnic groups.
This analysis is based on data from the U.S. Census Bureau’s 2020, 2021 and 2022 
