1/ The risk is particularly acute for Black and Latino workers-- who have been disproportionately affected by job losses and are less likely to have savings or other assets to fall back on---Per nyti.ms/3jEZBB6 by By Ben Casselman @bencasselman via @nytimes ...
@bencasselman @nytimes 2/ ...-- A recent working paper from researchers at the University of Chicago and the JPMorgan Chase Institute found that Black and Latino households cut spending by far more than white households when their income drops---Per nyti.ms/3jEZBB6 by By @bencasselman --...
@bencasselman @nytimes 3/ ...“When 30 percent of your population has no wealth-- this has real implications--” said William E. Spriggs @WSpriggs-- a Howard University professor and the chief economist for the A.F.L-C.I.O @AFLCIO- -quoted in nyti.ms/3jEZBB6 by By @bencasselman ...
@bencasselman @nytimes @WSpriggs @AFLCIO 4/ ...-“There isn’t a piggy bank-This is it-So when you cut their benefits their drop in consumption is going to be huge” said William E. Spriggs @WSpriggs-a Howard University professor and the chief economist @AFLCIO- -quoted in nyti.ms/3jEZBB6 by By @bencasselman ..
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