COVID-19 Has Had Devastating Economic Impacts on Older Black and Latinx Adults

Key findings:
Compared to older White and Black adults, a
greater proportion of older U.S.-born and
foreign-born Latinx adults reported that their
income decreased during the pandemic.
• A larger portion of older Black adults reported
increased household spending compared to
other racial/ethnic and groups.
• Latinx adults were disproportionately affected
by economic hardships, with 56% of foreignborn Latinx adults and 49% of U.S.-born Latinx
adults reporting at least one economic hardship.
• Foreign-born Latinx adults were more likely to
report missing a rent or mortgage payment, not
being able to pay medical bills, and lacking
money for food than other racial/ethnic groups.