2021-03-10

The epidemic brings economic losses to more than 40% of U.S. families, and ethnic minorities are in a difficult situation

By yqqlm yqqlm

China News Service, March 10th. According to a report by U.S. Overseas Chinese News Network on the 9th, a recent poll reveals the varying degrees of impact of the new crown epidemic on Americans. Whether it is working from home, reducing working hours, or completely losing work, every American has to accept the changes brought about by the epidemic and find a way out of life.

According to reports, the latest poll by the Associated Press-NORC Public Affairs Research Center further proves that in terms of finances, the epidemic has caused devastating damage to some Americans, but some people almost ” “Unscathed”, even better than before the epidemic. Such different results often depend on a person’s type of work and income level before the epidemic.

The epidemic brings economic losses to more than 40% of U.S. families, and ethnic minorities are in a difficult situation

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p > On March 5, 2021 local time, New York, USA, some theaters in the US reopened, and relevant anti-epidemic safety measures were taken. Since the outbreak of the new crown in March last year, theaters in New York opened for the first time.

The poll shows that about half of Americans said they had suffered at least one form of loss of family income during the epidemic. reduce. In general, 44% of the respondents said that their families have experienced income losses caused by the epidemic, and their financial conditions are still affected by this.

The results of this poll are consistent with recent economic data. According to statistics from the Department of Labor, in the week of February 22, about 745,000 Americans applied for unemployment benefits, and about 18 million Americans were still on the unemployed list.

30% of the interviewees said that the current household income is lower than the level at the time of the outbreak, 16% said that their household income is higher than the level at that time, and 53% said there is no change.

The survey results reflect what some economists call “K-shaped recovery”, that is, people’s recovery situation is different. Those who work in the office can transition to work at home, while those in “hit epidemic” positions such as entertainment, catering, and tourism have been affected.

In addition, compared with the rich, the poor are more difficult to recover economically, and the economic recovery of African and Hispanic families is not as good as that of white families. 38% of Hispanics and 29% of Africans have experienced family member layoffs in the past year, and 21% of whites suffered family member layoffs.

During the epidemic, Logan DeWitt did not stop working in the government because he could work remotely. But his wife, a nursery worker, lost their job and got a new job after months of searching. Since their first child was born within a few months after the outbreak, this made the family’s financial situation worse.

“We originally planned to buy a house, but later had to give up this idea.” DeWitt said, “We often cook at home and buy a lot of things at once.”

The epidemic brings economic losses to more than 40% of U.S. families, and ethnic minorities are in a difficult situation(1)

February 24, local time, United States The American flag in Times Square in New York was lowered at half mast. On February 22, U.S. President Biden issued an announcement ordering all federal buildings and military installations inside and outside the United States to fly at half-mast for a period of five days to mourn the deaths of the new crown. Photo by China News Agency reporter Liao Pan

In addition, the economic recession brought about by the epidemic has also had a very serious impact on young people in the United States. Compared with March 2020, among Americans under the age of 30, 40% of Americans now have a decline in income, about 40% of working hours have been forced to shorten, and about 25% have resigned.

“I just think we are in a more difficult situation. (The epidemic) seems to cast us under a greater shadow.” Kennard, a 20-year-old African American college student at Jackson College Taylor said. Taylor lost his job as a waiter in the campus cafeteria at the beginning of the outbreak. While continuing his studies, it was difficult for him to pay for rent and car maintenance.

However, for some Americans, lifestyle changes, such as reducing dining out, reducing travel, and not participating in offline entertainment activities, also make their financial situation better. In this poll, about 40 people said that they had saved more money than usual, and about 30 people said that they were paying off their debts faster than before.