Though the COVID-19 recession may feel different, its victims will look the same

The great recession, which hit the world at the end of 2007 affected workers and families in the U.S. in very different ways. Workers with low socioeconomic status (SES) – those with fewer skills and education, as well as racial and ethnic minorities—were especially hurt by the downturn. Foreclosures were concentrated among minorities, and households with lower incomes.

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