Posted on 10/15/2021 5:06:23 PM PDT by EBH
(NEXSTAR) – As the U.S. confronts rising inflation, slower job gains and a crippled supply chain, a new study finds that the Americans most in need of a stimulus check at the beginning of the pandemic continue to suffer most.
The three rounds of stimulus checks spanning two presidencies were critical to lower earners, researchers with the Capital One Insights Center found, but didn’t go far enough.
The study started in spring of 2020, with the authors administering surveys to a nationally representative group of Americans every four to eight months to learn more about the virus’ impact, from how they used their stimulus checks to their view of the U.S. economic recovery.
The respondents fell into three annual income groups – less than $25,000, $25,000 – $100,000 and over $100,000. Lower earners were much more likely than other groups to have spent the final stimulus payment on bills, the study found.
Part of the reason for that, researchers said, was the lack of recovery for the nation’s poorest.
A lopsided recovery The study found that while job and income loss was devastating during the spring 2020 wave of COVID-19 in the U.S., how Americans faired in the year since varied greatly depending on several factors.
During that spring, 32%-36% reported income loss – a number that hasn’t changed much for the lower third of earners. For the other two groups, however, the study found that only half of respondents were still reporting income loss. Underemployment was also 12% more likely among Black and Hispanic/Latinx workers than white workers.
Economic insecurity was also a common theme among middle earners
(Excerpt) Read more at fox8.com ...
Congress is raiding the treasury like a drunken Roman emperor.
Claiming “slower jobs claims” as the reason to justify a 4th stimulus while it is that free money because of stimulus that slows the return to jobs.
Create the problem so you can create the temporary “solution” which will exacerbate the problem so future “solutions” will have no end, neither will the number of people working.
lower classes getting everything, upper classes getting everything, middle class getting the shaft.
One thing I’ve noticed in my Midwest metro area is a decline of panhandlers at intersections near the major shopping district. There are help wanted signs all over the place, so I think drivers have reconsidered helping out the mostly young panhandlers.
We have had them at the exit ramps of freeways. Not sure whose idea it was, but someone put a bunch of help wanted signs at a few exits. Panhandlers disappeared.
There are plenty of jobs to be had.
A few weeks back via a Youtube channel there was a guy talking about this 4th Stimulus Check and telling his followers it was hidden inside the Biden package. SMH.
What is really odd is most of the longtime employees of grocery and retail stores I frequent are still there through thick and thin. Who makes up the missing help? Stockers, Janitors? A regional grocery store chain just announced some modest changes for store hours.
Am I the only one getting tired of these frigging STUDIES???
877-cashnow!
Hunger could drive the ethic back into place.
Oh...
...did I type ‘could’?
I meant to type ‘will’.
I don’t need another gun. I want one but it’s not “critical”. If they pass this one I think I’ll dedicate it to ammo.
Trucking schools are popping up everywhere.. It's a good occupation, pays reasonably well and always in need...
This is the stuff EVERY human being on this planet should be terrified of..!! :(
The Federal government is like a criminal that breaks into a house, ties up the homeowners and steals all of the valuables there — including cash, credit and debit cards.
Then he turns around and hands the homeowners $50 and tells them he’s doing them a favor.
IIRC, an AUDIT of our actual gold reserves hasn’t been done in YEARS.
You might want to put some into gold and silver.
I recommend seeds and goats.
So?
It would make no difference what they found out.
What’s after a trillion?
A gazillion?
Why not spend a gazillion dollars?
If a trillion is good than a gazillion must be great?
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