This problem is more pronounced in low-income sectors
United States- Although most Americans have weathered the coronavirus pandemic economically, about 38 million people said that they are now in worse condition than before the outbreak in the country.
Overall, according to a new survey by Impact Genome and the Associated Press-NORC Public Affairs Research Center, 55% of Americans say their financial situation is roughly the same as a year ago, and 30% say their financial situation. it has been improved. However, 15% of people said the situation was worse.
This problem is most pronounced in low-income sectors: 29% of Americans living below the federal poverty line said that their personal financial situation has deteriorated in the past year. Approximately the same number of people said they were in a growing financial loophole, and they said they had trouble paying bills in the past three months.
27-year-old Britney Frick (Britney Frick) is some of the people whose financial situation has been affected. Before the pandemic began, she worked as a substitute teacher, but her position was cancelled. Initially, he found a job in the telecommunications department and could work from home, but working hours began to decrease until they were completely exhausted.
Frick was unemployed for six months, but thanks to her savings, lower rents and the help of her parents, she survived.
He said: “I am slowly recovering, but I am still far away from before the COVID operation.”
This pandemic has caused severe damage to the economy, and the number of jobs in the United States is still 8.4 million fewer than in February 2020 before the outbreak.
In response, the government approved three assistance programs, including direct financial assistance to individuals. This helps to alleviate the suffering of some people.
Overall, the survey found that 52% of Americans said they could save money for most of the past three months, while 37% had money on hand and 10% were unable to pay bills. Among Americans living below the poverty line, 29% said they have had difficulty paying bills recently, while 16% have saved. In contrast, 61% of people living above the poverty line said they have been able to save. Before the pandemic, the poverty line for a family of four in the United States was 2019, with an annual income of approximately $25,750.
There are also racial differences: 57% of white Americans said they were able to save recently, while 47% of Hispanics and 39% of African Americans said they were able to save. Compared with white Americans, black Americans and Hispanics are twice as likely to say that they cannot pay their bills.