By Simone Silvan | Bloomberg
For many Americans, coronavirus lockdowns — with nowhere to go and nothing to do — were a time to save. But for almost 20% of U.S. households, the pandemic wiped out their entire financial cushion, a poll released Tuesday finds.
The share of respondents who said they lost all their savings jumped to 30% for those making less than $50,000 a year, the poll from NPR, the Robert Wood Johnson Foundation and the Harvard T.H. Chan School of Public Health finds. Black and Latino households were also harder hit. The researchers surveyed a nationally representative sample of 3,616 U.S. adults ages 18 or older.
Avenel Joseph, a vice president at the Robert Wood Johnson Foundation, said many people dipped into their savings to cover child or health care expenses. “When crisis hits, or anything goes out of the norm — your child is sick, for example — you are sacrificing wages,” she said. Almost two-thirds of households earning less than $50,000 a year said they had trouble affording rent, medical care, and food.
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About two-thirds of people surveyed said they received financial assistance from the government in the past few months. But 44% said those programs only “helped a little.”
“We always knew there was going to be an uneven recovery,” Joseph said. “The safety net always had holes, and the pandemic ripped those holes even wide.” Lawmakers in Congress are currently debating how much to spend on shoring up the safety net going forward.
“Congress has a tremendous opportunity to chart a more equitable future for this country. This is not about shoring up bank accounts,” said Joseph. “Failure would plummet millions of families back into poverty who were lifted out of it because of any temporary assistance.”
Source:: The Mercury News – Latest News
Celebrities React To Kanye West - Donda (Official Album)
Celebrities React To Kanye West - Donda (Official Album) Kanye West Finally Releases “ Donda ” Album on August 29,2021 instead of September 3rd, 2021. The album features 27 songs in total including "Hurricane," "Praise God," "Moon," and "New Again" and comes with a runtime of 108 minutes and 59 seconds. However, the track "Jail pt 2" is not currently streamable. Kanye West’s highly anticipated 10th studio album spans 26 songs and has features from Travis Scott , Jay Z , Kid Cudi , The Weeknd, Lil Baby and more. Donda is named after Kanye West's late mother Donda West , who died at the age of 58 following plastic surgery complications in 2007. The record is West's first since the release of his 2019 gospel album Jesus Is King, which earned him a best contemporary Christian album Grammy. In Todays’ video we’re going to be showing you celebrities' reactions to “ Kanye West - Donda (Official Album) “ What do yall think of the album? Leave your thoughts down below! Don’t forget to give this video a thumbs up, subscribe to the channel, and hit that bell icon so you don't miss out on any future videos!