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Research shows at the start of the crisis at least half of minority households had less than £1,000 in savings to act as a buffer.

A yawning wealth gap between different ethnic groups in the UK has had a “serious impact” on the ability of families to cope financially during the coronavirus crisis, a think tank has warned.


And the divide was likely to persist unless action is taken by the government, the Resolution Foundation said.

Its report found people of black African ethnicity typically had the least assets at just £24,000 family wealth per adult – less than one eighth of that held by a white British household.


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