AP-NORC poll: About half of workers lose income due to virus
Source: AP
By JOSH BOAK and EMILY SWANSON
WASHINGTON (AP) About half of all working Americans report some kind of income loss affecting themselves or a member of their household due to the coronavirus pandemic, with low-income Americans and those without college degrees especially likely to have lost a job, according to a new poll from The Associated Press-NORC Center for Public Affairs Research.
Sixty percent of Americans now say the national economy is poor, an alarmingly swift reversal from the 67% who called it good in January. The spike in pessimism has followed a stock market collapse and the closures of businesses around the country as regular economic activity has been halted in an attempt to limit the number of COVID-19 deaths to hundreds of thousands instead of millions.
The income losses include pay cuts, unpaid time off and reduced hours, as well as actual lost jobs, with 23% of adults who had work when the outbreak started saying they or a member of their household have since been laid off. A third of those in households making less than $50,000 a year say they or a household member have lost their job.
Read more: https://apnews.com/2d1be60a990b65802c639c8fe2ca881a
SheltieLover
(57,073 posts)Of course, now that repukes have gotten what they wanted - huge slush fund at our expense - it will not be allowed. 🤬🤬🧐
Sherman A1
(38,958 posts)A universal basic income as proposed by Andrew Yang would be mighty good right now.
SheltieLover
(57,073 posts)Else majority of country will be homeless!
duforsure
(11,885 posts)Or face the economic consequences that'll put us into a depression. Trump and Moscow Mitch maybe want us to go into a depression for Putin in exchange for re-election help. Nothing should shock anyone if that's their motives now. Maxine's plan could save us from that, but their plan will devastate the middle class and the poor destroying the economy as we know it. Trump and the GOP are stiffing us now like trump does to contractors, while he devises ways to put stimulus money into his pockets.
gab13by13
(21,405 posts)This quarter's GDP should be bad, but the 2nd quarter will be devastating. Giving billions of dollars to cruise ships and airlines and the fossil fuel industry will do little to spur GDP.
When Obama was president we used to get updates daily about what our national debt was, I haven't seen a report lately.