The racial gap in liquid assets makes Black and Hispanic families more vulnerable to income fluctuations. When faced with a job loss, Black and Hispanic families have to cut spending more dramatically than White families. Upon the arrival of a tax refund or other stimulus, Black and Hispanic families have to spend it more quickly. Listen to the MAX Workforce Solutions presentation or read the full report (JPMorgan Chase Institute)
Real-Time Insights
The only way to understand and plan for our most critical and emerging issues is to keep each other informed. Send insights to tpearce@atlantaregional.org.
“The food banks are responding to an unrelenting 50% increase in demand for food,” said Danah Craft, executive director of the Georgia Food Bank Association, which works with food banks around the state. “And it has grown in the last 60 days.” About 40% of the people coming for help now have never had to look for support before, she said. (WABE)
Under the new presidency, refugee resettlement is expected to surge—from 15,000 to as much as 125,000 globally. Resettlement agencies in Atlanta are collaborating to best serve their clients while understanding and meeting demand for employment, housing, health, and other services. [link] (WABE)
A large share of low-income clients are parents — especially moms — with school-age kids having incredible difficulty finding jobs that allow working from home. Unclear return-to-school plans and timing add to job search barriers. (Family Advancement Ministries)
Among immigrant-serving organizations, civic engagement focuses during and beyond the pandemic include: (1) supporting the wellbeing of community leaders and volunteer-led organizations, (2) strengthening community networks for mutual aid, (3) civic education, including redistricting, (4) ensuring comprehensive and standard language access policies for all Georgia districts. (LCF)
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Spending monthly what they used to spend annually on purchasing food (12x increase in demand). Using 1/3 typical number of volunteers. (Intown Collaborative Ministries)
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“The rapid adoption of remote work and automation could accelerate inequalities in place for decades. Economists say the resulting ‘K’ shaped recovery will be good for professionals—and bad for everyone else.” [article] (Wall Street Journal)
