(RepublicanReport.com) – The public health consequences of the COVID-19 pandemic have been obvious from the outset. However, the economic repercussions of more than a year of rolling lockdowns and movement restrictions are not as easy to see.
On Tuesday, April 13, the Associated Press released a report on a new poll conducted by Impact Genome and The Associated Press-NORC Center for Public Affairs Research. It detailed the financial circumstances of a representative sample of over 2,300 Americans. The study found that 38 million, or 15% of Americans, are worse off now than when the pandemic began.
While most Americans have weathered the pandemic financially, about 38 million say they are worse off now than before the outbreak began in the U.S. https://t.co/giY1wYwHop
— KPRC 2 Houston (@KPRC2) April 13, 2021
This trend is most pronounced at lower income levels. Among people below the federal poverty line who were surveyed, 29% reported being worse off now than they were a year ago.
It’s not all bad news — 30% of Americans actually report improved financial circumstances since the pandemic’s outset. However, the negative statistics (particularly those concerning people who had less to begin with) are worrying.
Copyright 2021, RepublicanReport.com