A new poverty estimate seeking to analyze the nationwide impact of government relief measures which expired just at the end of last month has found that the latter half of 2020 marked the sharpest rise in the US poverty rate since the 1960s. The study released Monday and presented in Bloomberg finds that the poverty rate increased by 2.4% during the second half of 2020, following last spring and early summer COVID-19 rolling lockdowns in various parts of the country.
This amounts to an additional 8 million Americans being considered newly poor, nearly double the highest annual increase in poverty in over a half-century.
As featured in a recent Oxfam study which also sought to assess the financial impact of the pandemic — up to 500 million people globally have been newly pushed into poverty, while at the same time the world's 10 richest men made a combined $540 billion over the same time frame.
Oxfam is calling it evidence of the "greatest rise in inequality since records began."
2 comments:
Did the Richest men make Billions with their Masks on? Third World Country Mentality taking place due to listening to those who said "The Sky is Falling", and now we know why, IMO!
The communists had a long tern plan to destroy the west starting with Lenin's useful idiots primarily liberal judiciaries destroying society, Keynesians destroying the economy and academicians polluting young people's minds. They have succeded beyond their wildest imaginations...the bourgeoisie destroyed in a matter of months and God replaced with satanism and demonic worship. John Maynard Keynes - In the long run we are all dead.
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