Millions of US people move into poverty
17 de octubre de 2020, 0:0
Washington, Oct 17 (Prensa Latina) Millions of US people are currently moving into poverty, increased by the great numbers of those who applied for unemployment benefits as direct consequence of the Covid-19 pandemic.
Some 898,000 US citizens demanded last week some benefits for being unemployed in order to increase the toll to 25 million US people since the beginning of the new coronavirus crisis, according to official estimates.
That is further aggravated, according to the Columbia University study showing that the billion-dollar measurement package given to US citizens did not prevent poverty rate from rising from 15% in May to 16.7% in September.
It's no secret that the pandemic left many people infected and new poor people as well. According to the study, there are more than eight million.
Unemployment, homelessness, and food insafety are three other aspects included in the economic US downturn to bring the number of people living in abjent poverty from 47 million in May to 55 million in September.
Estimates reported by the Center for Poverty and Social Policy at the Columbia University point out that as a total population porcentage, with a a 15% before the pandemic, the toll of poor people rose to 14.3% in May, but increased in September to 16.7%.
The most affected ones are black people and Hispanics, as well as children, something that may increase with the end of federal aid, the Columbia University study reported.
The crisis is real and officially recognized when a report from the Department of Labor stated that about 3.8 million people lost their jobs permanently until September, while another 2.4 million stayed at home in last six months.
Needless to say it is not easy to survive in the U.S. nowadays with only 2,854 dollars monthly, and this may help explain why we see so many people falling out of the middle class in recent years, the publication said.
The cost of living in the United States is currently rising faster than paychecks, and as a result many people are working hard just to survive financially from month to month.
As reported by the Social Security Administration, 32.26% of the US workers earned less than 20,000 dollars last year, 44.79% less than 30,000 dollars, 56.46 % less than 40,000 dollars, when the US poverty level for a five-person household is 30,680 dollars.
We have an economy that works for those at the top of the food chain, but nearly everyone else is desperately trying to keep afloat, the publication concluded.
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