More Black People Counting on New Stimulus to Get By
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That’s the share of Black people who are counting on another round of stimulus to get by financially, a new survey showed, more than twice the percentage of White people.
While half of the Black adults surveyed in a CNBC/SurveyMonkey poll earlier this month said they were counting on the prospect of new relief, just 22% of White people, 40% of Hispanic people, and 31% of Asian people answered the same way. The online survey of 6,182 adults across the nation was conducted Feb. 1-8.
The survey lays bare the uneven financial burdens being carried by different groups a year into the pandemic. Black and Hispanic people have been hardest hit by wage and job losses stemming from COVID-19, Federal Reserve research shows.
Congress is weighing President Joe Biden’s $1.9 trillion in stimulus proposals, which suggests a new round of stimulus checks of up to $1,400 per taxpayer and $1,400 per dependent. There have already been two smaller rounds of checks since the COVID-19 pandemic smashed the economy and eliminated millions of jobs.