A New Analysis of Mastercard Data Finds Uneven Spending Declines in Communities Across the City
It was just one year ago when we first heard of a new coronavirus in Wuhan, China, that was threatening to turn into a pandemic. Just months later it had spread to nearly every corner of the globe, leaving death and economic hardship in its wake.
As we know now, the hardship was not equally shared. Black and Latino communities were disproportionately affected—both by illness and loss of employment.