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COVID threatens recent economic gains by communities of color
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Economic prospects gradually improved for Americans across racial and ethnic demographics in the second half of the 2010s, but significant financial gaps between groups persist, according to new data from the Census Bureau. And the COVID-19 pandemic likely stalled many of those gains for all Americans, experts said.
The bureau’sAmerican Community Survey estimates for 2016 through 2020 show median household income climbed to $64,994, up 10% from 2011 to 2015. People of color saw the biggest percentage gains, according to a USA TODAY analysis of the data.