Latinx, Asian and black households in the US are feeling the impact of job losses due to COVID-19 most severely, Zillow analysis shows.
More than 22 million Americans have filed unemployment insurance claims over the past four weeks, including many in the food, arts and retail industries.
Latinx, Asian and black workers are disproportionately represented in these jobs.
Non-white households typically facing a greater rent burden, meaning after they pay rent they have less left over for other expenses or to save for an economic hardship.
Skylar Olsen, senior principal economist at Zillow, said: “This analysis highlights the financial tightrope many households walk in our vital service industries.
“While it’s encouraging that many who receive government assistance appear to be on solid footing for a few months, it’s important to remember that some workers will see labor disruptions, such as a loss of hours, that don’t qualify them for these unemployment benefits that are so crucial right now.
“And if the pandemic were to last beyond the summer, it could have lasting impacts that push many more into housing insecurity.”
This post has originally been featured in Property Wire.