Coronavirus (COVID-19) The Financial Rebound: Money After COVID Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Jane Lohani Published Oct 5, 2020 - [Updated Apr 26, 2022] 2 min read Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. The events of 2020 have exacerbated just how unequal our society is when it comes to racial and economic equality, with communities of color still facing numerous obstacles on their path to financial security. For Black Americans, long-standing racial inequities have made the financial impact of COVID-19 even more extreme. According to the Pew Research Center, in May, 44% of Black Americans reported that they or someone in their household experienced a job or wage loss due to COVID-19, compared to 38% of white Americans. And it’s not just about unemployment. According to the National Bureau of Economic Research, patterns across gender, race, and immigration status reveal that Black business owners have experienced the largest losses during COVID-19, eliminating 41% of Black-owned businesses. We recognize that we can’t fix the systemic racism that’s rooted so deeply in our financial institutions, but we sincerely believe that the right technology and partnerships can help us build products and resources that will alleviate some of these struggles. Steady is a platform that helps people find high demand jobs, increase their income, and plan for more financially stable futures. We have partnered with Steady to help Mint users who have lost their jobs due to COVID-19, find resources, and new work streams. So far, over +20% of customers that click into Mint’s financial resources choose to go to Steady for help finding more sources of income. Together, we’ve helped 1700+ users apply for jobs. Most recently, we sat down for a frank discussion with Steady Founder, Adam Roseman, Steady Investor, Shaquille O’Neal, and CNBC Make It’s Courtney Connely, on the responsibility financial technology companies play in helping close the racial wealth gap. Our hope is that the discussion is enlightening, but also provides you with important tools and resources to help you achieve your financial goals. http://https://www.youtube.com/watch?v=UOfpniZSY60&feature=youtu.be Previous Post How to Get a Virtual Internship Next Post Retirement 101: Can I Actually Retire at 65? Written by Jane Lohani More from Jane Lohani Browse Related Articles Mint App News Intuit Credit Karma welcomes all Minters! Retirement 101 5 Things the SECURE 2.0 Act changes about retirement Home Buying 101 What Are Homeowners Association (HOA) Fees and What Do … Financial Planning What Are Tax Deductions and Credits? 20 Ways To Save on… Financial Planning What Is Income Tax and How Is It Calculated? Investing 101 The 15 Best Investments for 2023 Investing 101 How To Buy Stocks: A Beginner’s Guide Investing 101 What Is Real Estate Wholesaling? Life What Is A Brushing Scam? Financial Planning WTFinance: Annuities vs Life Insurance