Black and Latino homeowners and renters were more likely to miss their payments in May than their white and Asian counterparts, according to a new analysis of US Census Bureau data. They were also less likely to be confident about making June payments.
There were already racial and economic gaps in access to affordable and safe housing that existed before the coronavirus pandemic. But now those divisions are starting to widen, according to a new study by the Urban Institute. Black Americans are being hospitalized and dying in greater numbers than other groups. And, together with Latino communities, black workers are seeing much higher unemployment rates than white workers. Now, similar disparities are emerging in housing.
"In those three big areas -- health, jobs and housing -- all of which have been affected by the pandemic, we've seen longstanding racial disparities," said Solomon Greene, senior fellow in housing at the Urban Institute and co-author of the study."These are structural issues that the pandemic has exacerbated." Black and Latino homeowners and renters were more likely to miss their payments in May than their white and Asian counterparts.
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