hardship

WORK Jeffrey Kucik, University of Arizona and Don Leonard, The Ohio State University Millions of unemployed Americans are set to lose pandemic-related jobless benefits after Labor Day – just as surging cases of coronavirus slow the pace of hiring. In all, an estimated 8.8 million people will stop receiving unemployment insurance beginning on Sept. 6, 2021. An additional 4.5 million will no longer get the extra US$300 a week the federal government has been providing to supplement state benefits. But with the pandemic still raging thanks to the rise of the delta variant, particularly in Southern states, the expiration of these benefits seems ill-timed. While some claim that the aid is no longer needed and doing more harm than good, we believe that the data tell another story. Benefits lo...

For Americans 60 and older, COVID-19 is widespread and deadly. Its economic impact could also be devastating. With a recession fast developing, much of the attention on the downturn focuses on working-age adults, but many older Americans – with less time to make up for financial losses – will suffer the most. I am a clinical professor of gerontology. My co-author is a research fellow in gerontology. We believe that recent history, specifically the Great Recession of 2008-09, will demonstrate what’s at stake. In a series of research briefs using data from the Health and Retirement Study, we analyzed the financial status of Americans 60 and older before and after that recession. We reviewed the data from a wide variety of demographic groups: non-Hispanic whites, non-Hispanic Blacks, and H...

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For Millions Of Out-Of-Work Americans The Pandemic Hardship Is About To Get A Lot Worse

Economic hardship from COVID-19 will hit minority seniors the most