UK cost-of-living crisis hits ethnic minority workers more: The Independent

LONDON - A new study showed the cost-of-living crisis facing the United Kingdom (UK) is disproportionately affecting ethnic minority workers, with them at a greater risk of redundancies, debt, and poor mental health, The Independent reported on Tuesday.

Among professionals surveyed from Black, Asian, mixed race and minority ethnic backgrounds, 52 percent said government support will not see them through the next six months, 7 percentage points higher than their white counterparts, according to research published by the non-profit organization People Like Us.

Financial concerns are causing them to dip into savings at a greater rate, with ethnic minority professionals' savings declining faster than their white colleagues, the study revealed.

Redundancy worries are also worse for workers from Black, Asian, mixed race and minority ethnic backgrounds, with 41 percent worried that they will lose their job in the wake of increased costs, compared to 27 percent of those from a white British background.

Such concerns have caused over half of the workers from a racially diverse background to feel despair about rising costs, the study added.