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 ...
One word…Stop! That’s what got us in this mess in the first place!
I agree, except for any company requiring a vaccine. Undermine them every way possible.
Capitol One research center...”The Center combines Capital One research and partnerships to produce insights that advance equity and inclusion.”
BWAAAAAAAAAAAAAHAHAHAHAHAHA.
Just start printing 1 million dollar bills and give 5 to everyone. Easy as that. (snark)
My brother was telling me about his grandson, who is the epitome of someone who has gone out of his way to squander his young life. No skills. Didn’t graduate from High School. Got a gal pregnant, now has a son. All those things and much more.
I opined that, for someone like him, this time, today, is a GOLDEN opportunity. There are so many jobs he could get that he is unqualified for and be trained into them, which I have no doubt is true.
I wonder if he will do it.
We could all be millionaires! Poverty is cured!
Are they going to mandate that anyone receiving the check must first get the Covid-19 vaccine?
A job would be even better. there are lots of them available
Twenty years from now maybe some of their lazy spawn will know how to drive a truck.
No that will be agreed to when you cash the check... fine print and all..
Yeah, critical; critically bad for our economy!
Going to be hard to re-instill a solid work ethic among this group.
Oh just send us all checks for $500,000.00 and get it over with.
4th??? Last I hear dhtye were sending 2nd. Guess I should keep up better.
Yep gotta keep the indolent in beer, pot, cigarettes and scratch off lotto tickets and to hell with those of us who work for a living.
Stimulus will happen at the end of October of next year. Conveniently before the general election.
They’ll respond to real employment
Not concentration camp light, where monopolies dominate..two retail monopolies, insurance and banking monopolies
Where there is real take home pay not taken away by government Bush fascism the government class.
A real economy one that was interfered with perpetually by DC when Trump was an actual real President.
❎
Staff giving away my money you worthless bastards
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