Latest Breaking News On - Westside neighborhood prosperity fund - Page 1 : comparemela.com

COVID is the latest test of the Westside’s resilience, impacting access to jobs and childcare. Some families are choosing between food, utilities, rent and medicines to make ends meet and are on the financial precipice. There is no fallback plan or safety net. What is resilience in the face of extreme financial hardship? Pre-COVID, 40% of Americans did not have $400 in their bank accounts to cover emergency expenses. In the ongoing destruction of the twin pandemics of COVID and structural racism, the lack of a savings safety net during times of stress and disaster are particularly acute for Black and Latinx workers who have been disproportionately affected by job losses. Fifty-eight percent of Black and Latino families lack at least three months of savings and other assets to rely on. Howard University professor, William E. Spriggs, noted in a New York Times article that when “…30% of the population has no wealth, this has real implications…there isn’t a piggy bank. This

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