COVID-19 Highlights Disparities in Wealth-building

Most American families received economic stimulus in April.

  • Non-Hispanic white Ohioans were more than 3x 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.

U.S. Census Bureau. COVID-19 Household Pulse Survey, Week 11 (July 9-14) results for Ohio.