WASHINGTON (Reuters) -The inflation-adjusted wealth of white households in the U.S. grew faster than that of Black and Hispanic households from the start of 2019 through the third quarter of last year, with Black households in particular now worse off than they were before the pandemic, a New York Fed study has concluded. The study used information gathered by the U.S. Federal Reserve on the value of household assets including stocks and real estate, as well as liabilities owed on mortgages and other loans, and adjusted those values for inflation. The result showed the net worth of white families as of the third quarter of last year was 28% higher than it was at the start of 2019, that of Hispanic households was 20% higher, and that of Black families about 1.5% lower than it was before the pandemic.
The COVID-19 pandemic threatened the economic stability of workers worldwide. According to Pew Research, 25 million people lost their jobs in the U.S. between February and April 2020. However, while it took years for America’s employment level to bounce back, a recent report published by the Board of Governors of the Federal Reserve System found that many American… Continue reading New Study Shows Lower-Income Black Households Were Hit The Hardest Financially During The Pandemic
Netflix's reality competition spin-off “Squid Game: The Challenge” got off to a strong start with its viewership numbers, according to a new report. The numbers: “Squid Game: The Challenge” drew in around 1.1 million viewers in the U.S. in the first five days since it premiered on Nov. 22, according to a report from Samba TV, as per Deadline. The analysis also noted that the viewership was diverse, with around 20% viewership in Black households and 16% from Hispanic households.
/PRNewswire/ h.way is a new digital account that caters to the specific banking needs, habits, and preferences of Hispanic consumers. The service intends to.
/PRNewswire/ DNERO, the Digital Wallet offering financial services for the Hispanic market, and Bits of Stock, the platform that powers Stock Rewards &.