Unbanked and underbanked neighborhoods are predominately Black and Latinx. Discriminatory banking practices prevent economic mobility by charging higher banking fees and services.
Just because we’re all affected by the pandemic doesn’t mean that we’ve all been affected equally. Women accounted for all 140,000 jobs cut last December. Black and Latina women in particular lost jobs, since employment for white women actually rose that month (CNN). The data is clear: Black and Latina women were the worst-impacted by layoffs, white men the least (Bloomberg).
