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How coronavirus is worsening Britain’s racial wealth gap
*a thread*
Since coronavirus hit Britain, BAME people have been more likely than most to lose their income, fall behind on bills or have to apply for Universal Credit.
https://www.telegraph.co.uk/money/consumer-affairs/charts-coronavirus-worsening-britains-racial-wealth-gap/
*a thread*
Since coronavirus hit Britain, BAME people have been more likely than most to lose their income, fall behind on bills or have to apply for Universal Credit.
https://www.telegraph.co.uk/money/consumer-affairs/charts-coronavirus-worsening-britains-racial-wealth-gap/
Although income gaps have been closing fast for some ethnic groups, progress among others is stalling.
Black African workers still earn around £10,000 less a year than white British ones.
Black Caribbean ones have around £7,000 a year less to live on.
Black African workers still earn around £10,000 less a year than white British ones.
Black Caribbean ones have around £7,000 a year less to live on.
The avg white British household has around £282k in wealth, including property, according to figures from the @ons. Black African's have less than 1/10 of that: £23,800
For every £1 that white households have, black African households have just 10p and black Caribbean have 20p
For every £1 that white households have, black African households have just 10p and black Caribbean have 20p
Ethnic minorities are more likely than white workers to have lost their jobs rather than be put on furlough in the Covid-19 pandemic.
Of 4,000 workers who have lost work because of coronavirus, 21% of BAME workers said they had lost their job, compared to 7% of white people.
Of 4,000 workers who have lost work because of coronavirus, 21% of BAME workers said they had lost their job, compared to 7% of white people.
Some ethnic minorities have suffered, as they are heavily exposed to sectors that have had to close during lockdown such as retail and hospitality.
Nearly one in three Bangladeshi men work in the restaurant business compared to around one in 100 white British men.
Nearly one in three Bangladeshi men work in the restaurant business compared to around one in 100 white British men.
Around 16% of ethnic minorities now say they are behind on bills, compared to 7% of white households.
BAME households are nearly 2x more likely to have borrowed money or applied for universal credit than non-BAME households.
BAME households are nearly 2x more likely to have borrowed money or applied for universal credit than non-BAME households.
All of this is also having a generational impact.
Around one in four children from Asian families and one in five from black families are in persistent poverty, government figures show.
Among white households, it is one in 10.
Around one in four children from Asian families and one in five from black families are in persistent poverty, government figures show.
Among white households, it is one in 10.
Even before the pandemic, Black and Asian people were more likely to be out of work or earning less than their white colleagues.
Because of lockdown, Britain’s racial wealth gap is widening. Here @MariannaHunt5 takes a closer look at the data https://www.telegraph.co.uk/money/consumer-affairs/charts-coronavirus-worsening-britains-racial-wealth-gap/
Because of lockdown, Britain’s racial wealth gap is widening. Here @MariannaHunt5 takes a closer look at the data https://www.telegraph.co.uk/money/consumer-affairs/charts-coronavirus-worsening-britains-racial-wealth-gap/
