Pandemic caused recession is largely over for the rich

 The recession created by the pandemic is largely over for Americans who are affluent. According to the article, the recession is largely over some groups like white and college educated Americans. The unemployment rate for minorities sky rocketed but has remained high where as the unemployment rate for whites has returned to lower rate. For the demographic that does not have a higher education degree the unemployment rate peaked at 21%. This is roughly three times more than what the unemployment rate for college educated Americans. To even further back the claim that the recession is over for these demographics, the top thirds of earners had there jobs fully recovered. Within the article they point out that Americans who did not lose their jobs are blind to the financial struggles that are plaguing the country currently. Overall a huge driving factor is that these groups were less likely to lose their jobs and their jobs rebounded quickly. These groups were also able save their stimulus money and financial assets such as stocks and real estate have improved heavily. 

https://www.cnbc.com/2020/09/20/coronavirus-recession-ends-for-rich-crisis-persists-for-others.html