Figure B

Black and Hispanic individuals are more likely to face hardship as result of income variability: Share of individuals with income variability that experience economic hardship by race and ethnicity

White  Black  Hispanic 
2019 26.6% 30.0% 38.4%
2021 25.4% 31.4% 36.8%
2024 26.5% 33.8% 36.1%
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Economic Policy Institute

Source: Board of Governors of the Federal Reserve System, Survey of Household Economics and Decision making, 2020, 2022, and 2025.

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