Posted on 01/26/2021 7:43:21 PM PST by RomanSoldier19
More than 8 million Americans fell into poverty over the past six months as social safety measures put into place at the start of the coronavirus pandemic expired, according to a new study published this week.
The report, released by economists at the University of Chicago and University of Notre Dame, found that the nation's poverty rate increased by 2.4 percentage points between June and December, surging from 9.3% to 11.8%. An additional 8.1 million people are now considered poor.
At the end of March, Congress passed the massive $2.2 trillion CARES Act to blunt the financial pain of the coronavirus pandemic, which forced an unprecedented shutdown of the nation's economy. The aid package included a temporary expansion of unemployment benefits at $600 a week and a one-time $1,200 stimulus check for most adults.
(Excerpt) Read more at msn.com ...
The communists are back in power and no longer care as they got what THEY wanted by releasing it.
Very misleading math.
The poverty rate actually increased by 26.8%
[(11.8 - 9.3) / 9.3] * 100
Fixed it.
Both correct. It is a 26.8% increase from 9.3 but as a percentage “point” increase its 2.4.
Yes...correct but misleading.
Most folks out in Sinsheim will read “2.4 point increase” and think “that’s not so bad.”
Thanks for posting lgjhn23.
If I understand you correctly, I respectfully disagree that communist Democrats got what they wanted by releasing COVID-19.
More specifically, a red tsunami of patriots overwhelmingly reelected Trump regardless of virus. So the Democrat’s politically correct election year pandemic lockdown was arguably a waste of everybody’s time since all that they needed to do “elect” Biden was cheat the ballot box.
Corrections, insights welcome.
Non worries...
Joe communist has said he’ll send some money............some time later...
By design
COVID relef or get the bad orangeman....
(Not tat we need relief. Just need to open the economy)
The stage was set in 2016 when they realized that the old propaganda was getting limp...
That is when this coup, and the main strategy for victory, was devised...
Distract them with the chicoms help... All the while prep the theft...
Thinking back we have to remember that Joe gave it away weeks before the election when he blurted out that the votes won't count, he will win the election...
That is why they buried him in that Delaware basement until after the election...
Isn’t that part of the plan?
About 80 million aggregate lost their jobs since the lockdowns. Most regaining new or existing employment with severe pay and benefits cut. About 70% of these with pay and benefits substantially less than previous salary and benefits. Personally, I’m back down at a level not seen since my college days 30 years ago.
For the entire year...
Thank the democrats for that one.
It would be interesting to see the dispersal of the data, which states this has most occurred in.
I have my suspicions, but some hard numbers would be nice and indicting.
The demon rats were going to get their Cloward-Piven resuts one way or the other.
Most folks out in Sinsheim will read “2.4 point increase” and think “that’s not so bad.”
..........................................................
Rat politicians here wanted to raise the sales tax here from 4% to 6% and called it “only a 2% increase.”
...all that they needed to do “elect” Biden was cheat the ballot box.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.