Remember that COVID-19 didn’t close our economies. State and local leaders did.
Some eight million Americans have fallen below the poverty level since May after federal stimulus money dried up and Congress did not follow up with more relief legislation, according to a new study.
Meanwhile, the economic recovery has slowed down as more than 55 million Americans are now earning less than $26,200 a year – which is what the federal government considers the poverty line.
Researchers at Columbia University tracked poverty levels from before the COVID-19 pandemic dealt a devastating blow to the US economy in spring, forcing businesses across many industries to shut down.