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【World Property News】Latin, Black and Asian Households Most Threatened by Coronavirus Layoffs in U.S.

【World Property News】Latin, Black and Asian Households Most Threatened by Coronavirus Layoffs in U.S.

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Based on a new report by Zillow, given the massive amount of job losses in the U.S. due to the COVID-19 pandemic, every industry is feeling the steep downturn.

With more than 22 million Americans that have filed unemployment insurance claims over the past four weeks, including many in the food, arts and retail industries. Latin, Asian and black workers are disproportionately represented in these jobs compared to white workers -- nationwide, 8.3% of white workers are employed in these industries, compared with 12.7% of Latin workers, 10.2% of Asian workers and 10.1% of black workers.

This is compounded by these 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. Typical renter households that receive the majority of their income from these industries are below or near the accepted 30% guideline for the amount of income spent on rent for each race included in Zillow's analysis. White households in these industries spend 25.1% of their income on rent, black households spend 28.3% on rent, Latin households are right at 30% and Asian households are just over at 30.6%.

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