Home » Economy » Poverty rises amid coronavirus stimulus stalemate despite bright spot early in pandemic: researchers
Poverty rises amid coronavirus stimulus stalemate despite bright spot early in pandemic: researchers
Trump on coronavirus stimulus, Biden, and social media censorship
President Trump, in a wide-ranging interview, discusses stimulus plans, how his administration has handled the coronavirus, the upcoming election, social media censorship, and economic recovery.
After finding that the poverty rate declined in April, May and June after the federal government sent stimulus checks and increased unemployment assistance, a group of researchers say all progress has been erased as House Democrats and the White House remain in a coronavirus stimulus stalemate.
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The poverty rate jumped to 10.8% for August and September compared to 9.4% in April, May and June, researchers from the University of Chicago, University of Notre Dame and China's Zhejiang University found. Pre-pandemic, the poverty rate was 10.9% in January and February, the researchers wrote.
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"I don’t have a crystal ball, but it’s hard not to expect poverty to rise in the future unless we provide additional support for those who have been out of work," researcher Dr. Bruce Meyer, who teaches public policy at the University of Chicago, told FOX Business on Thursday.
Rising poverty is disproportionately affecting three groups: Black people, people with high school education or less, and children, Meyer said.