COVID-19 highlights disparities in wealth-building

Most American families received economic stimulus payments in April 2020.

• Non-Hispanic white Ohioans were more than three times as likely as non-Hispanic Black Ohioans to use their stimulus payment to add to their savings.​
• White Ohioans were also more likely to mostly use their stimulus to pay down debt.​
• 85% of non-Hispanic Black Ohioans and 81% of Hispanic/Latino Ohioans mostly used their stimulus payment for expenses. Rather than looking to the future, these families had to use the money now.

7.6 Million Ohioans received COVID-19 stimulus payments, and many used them to meet their basic needs.