Chart: Less than half of Black and Hispanic individuals have enough savings to maintain their standard of living in case of a job loss or other emergency: Share of adults who have enough savings to cover expenses for three months in case of an emergency

Figure B

Less than half of Black and Hispanic individuals have enough savings to maintain their standard of living in case of a job loss or other emergency: Share of adults who have enough savings to cover expenses for three months in case of an emergency

	White	Black	Hispanic
2019	59.2%	38.1%	38.6%
2021	64.4%	44.1%	50.6%
2024	60.3%	41.4%	44.1%

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Note: Race and ethnicity are mutually exclusive (i.e., white non-Hispanic, Black non-Hispanic, Hispanic any race).

Source: Author’s analysis of Board of Governors of the Federal Reserve System, Survey of Household Economics and Decisionmaking (Washington: Board of Governors, 2020, 2022, and 2025).

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Financial disparities will deepen economic insecurity for Black and Hispanic households amid the 2025 slowdown

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