More Than Half Of Households In 4 Largest Cities Struggled From Pandemic

There’s no question the coronavirus pandemic has forced many Americans into financial hardship, but a new NPR/Harvard T.H. Chan School of Public Health/Robert Wood Johnson Foundation survey provided a clearer picture of the extent of the struggles in the United States’ four largest cities.

At least half of all households in those cities — 53 percent in New York City, 56 percent in Los Angeles, 50 percent in Chicago, and 63 percent in Houston — reported facing serious financial problems, including depleted savings, problems paying credit card bills, and affording medical bills.

Black and Latino households in all four cities were particularly vulnerable. In New York, 62 percent of Black households and 73 percent of Latino households reported struggles. In Los Angeles those numbers are 52 and 71 percent, respectively, while 69 percent of Black households and 63 percent of Latino households in Chicago have faced the same. And, most drastically, in Houston, 81 percent of Black households and 77 percent of Latino households said their financial issues were serious.

Read more at The Week.

{Matzav.com}