Coronavirus recession ends for the rich but is far from over for lower-income communities

 The recession caused by the coronavirus is causing way more damage to lower income individuals. Upper class individuals were not affected as bad as lower income people. They were less likely to become unemployed and they were more likely to receive stimulus checks throughout the pandemic. Because of this many economists believe that the havoc that COVID has unleashed on Americans is primarily over for many groups of people, the wealthy white, and higher-educated people were the least likely to lose their jobs. Assets like stocks and real estate have also boomed which has increased the wealth of many high income individuals. Sectors like hospitality and leisure that took the most damage due to the coronavirus tend to hire women and people of color and tend to pay lower wages, but due to COVID and the restrictions that were imposed many women and people of color were laid off. Latino unemployment also ballooned to almost 19% but the unemployment rate for whites was only 14%.