Apr 30 Watch 6:17 More Americans are going hungry amid economic crisis — and many can’t get help By Paul Solman The current economic crisis means rising demand for food stamps. While Congress has passed additional benefits for some recipients, a large percentage of the poorest households did not get an increase. Meanwhile, many people, from college students now at home… Continue watching
Apr 23 Watch 6:34 Why the pandemic is making U.S. economic inequality even worse By Paul Solman A new survey by the Pew Research Center finds 43 percent of U.S. adults say they or someone in their household has suffered a job loss or pay cut due to COVID-19. With such widespread impact, it will likely take… Continue watching
Apr 16 Watch 5:45 Evaporation of travel sector threatens airlines’ very survival By Paul Solman One of the business sectors hit hardest by the novel coronavirus pandemic has been air travel. Passenger volume is down a stunning 96 percent in the U.S., while airline losses have topped $300 billion worldwide. Despite canceled flights, travelers are… Continue watching
Apr 10 VIEWER Q&A: What to do about your retirement and savings amid the pandemic By Justin Stabley Are you concerned about how the pandemic will affect your retirement plans? Do you want advice on how to mitigate the financial impact of the coronavirus?… Continue reading
Apr 09 Watch 6:41 How missed rent payments spark a ‘cascade’ of financial hardship By Paul Solman Many Americans affected by the coronavirus pandemic are struggling to pay their rent when they have lost income and haven’t yet been able to secure unemployment money. Missed rent, in turn, adds up to landlords who can’t pay their mortgages… Continue watching
Apr 06 Worried about your finances during the coronavirus pandemic? Here are some tips. By Courtney Vinopal The economic downturn spurred by shutdowns meant to slow the spread of the novel coronavirus has been swift, but there are measures people can take now to manage their personal finances during this difficult time. Continue reading
Apr 02 Watch 6:27 Will these shuttered restaurants be able to reopen after pandemic? By Paul Solman A sector of the economy that is being hit especially hard amid the coronavirus pandemic is the restaurant industry. In normal times, Americans were spending roughly as much money on dining out as they were at grocery stores. With restaurants… Continue watching
Mar 31 A snapshot of the coronavirus pandemic’s impact on working families By Elizabeth O. Ananat, Anna Gassman-Pines, Econofact As the coronavirus crisis has intensified, low-wage working families immediately experienced drastically reduced work hours and layoffs. The economic and psychological consequences for families have been severe. Continue reading
Mar 30 How the coronavirus’ economic toll could also affect public health By Gretchen Frazee Health economists emphasize that how the U.S. responds to this crisis will affect the number of people who die not only from the virus itself, but from the side effects of an economic downturn. Continue reading
Mar 19 Watch 5:50 Economist Ken Rogoff on whether the U.S. has ever experienced a crisis like this one The coronavirus pandemic is causing immense economic damage. The number of Americans filing for unemployment benefits has surged as businesses nationwide close down and are forced to lay off workers. Has the country ever experienced anything like this? Paul Solman… Continue watching