People of Color in the US Should Brace for the Next Recession

Angelo Young
Apr 29, 2019 - 5:00
People of Color in the US Should Brace for the Next Recession

Unless you’re a member of royalty or have inherited immense wealth, you’ve likely gone through good and bad times financially. These periods of wealth and scarcity often synchronize with the cycles of economic expansion and contraction — one of America’s sad and enduring truths is that not all booms and busts are created equal. Statistically, white people are more likely to experience less hardship during economic recessions; they are also likely to bounce back faster as unemployment falls, home prices rebound, and stock markets rally. A decade after the worst economic crisis...

Login to continue reading.
Dont Have an account? join now
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.

2 Replies to “People of Color in the US Should Brace for the Next Recession”

  1. Thanks for sharing this topic. I agree that people of color hurts the most. I am terrified of what the next recession brings. For this reason I am saving a few pennies and trying to be proactive for the inevitable rainy days. This is the best I can do at the moment.

  2. Following up on this, I would love to see a story about how people of color can start businesses for cheap and/or how we can find equitable financial backing for business concepts. I think creating our own streams of income is an important way to start building wealth in our communities to combat things like this.

Leave a Reply

Become a member and join TheNorthStar

Join Over 25, 000 members from all 50 states and 100+ countries to
help build and sustain the most courageous Community of liberation
journalism in the world.

More From The North Star

March on Washington 2020 Live...

March on Washington 2020 Live Blog: Thousands Gather in D.C. to End Police Brutality...Read More

Maria Perez, Nicole Rojas & Micah Schaffer
1

2020 Presidential Debates:...

2020 Presidential Debates: Everything You Should Know About the First Presidential Debate...Read More

Maria Perez
0

Five Reasons Black Folx Need...

Five Reasons Black Folx Need Therapy Today, Even if You Don’t Feel Bad...Read More

Branden Janese
0

See more articles from Angelo Young

Follow Angelo Young to see more of their article on TheNorth