Unless you purchased shares of AMC and GameStop before their massive rally, you are probably worse off than you were before the coronavirus pandemic.
According to a new Impact Genome and The Associated Press-NORC Center for Public Affairs Research survey, 38 million Americans are worse off now than prior to the COVID-19 public health crisis.
At the same time, 55 percent of Americans say they are the same as they were a year ago, and 30% note they are better off.
More results from the poll:
Overall, the Impact Genome/AP-NORC poll found 52% of Americans say they were able to save money for most of the past three months, while 37% broke even and 10% were short on paying bills. Among Americans living below the poverty line, 29% say they struggled to pay bills recently, while just 16% have saved. By comparison, 61% of those living far above the poverty line say they have been able to save.
There also are wide racial disparities, with 57% of white Americans, 47% of Hispanics and just 39% of Black Americans saying they have saved recently. Black and Hispanic Americans are about twice as likely as white Americans to say they have come up short on bill payments.
Globally, the pandemic has made tens of millions of people, especially in developing nations, worse off.
Eugene Patrick Devany says
The millions who have come to the U.S. and the others with no likelihood of being deported think they are better off.