Concern for the state of the Black economy lingers as African Americans have historically suffered during economic downturns.
As the new year nears, the health of the United States economy will continue to be top of mind in 2023, particularly for Black Americans.
Just before November’s midterm elections, a national survey of Black voters conducted by theGrio/KFF found that Black voters named the state of the economy, and its impact on their pocketbooks, as their number one concern.
Historically, Black people have always had a less share of America’s wealth, including homeownership, and a disproportionate share of unemployment and consumer debt. Those stark statistics are likely to remain in the foreseeable future. More broadly, inflation issues and concerns of a possible recession still linger over an economy recovering from the COVID-19 pandemic. Read more.
