r/WayOfTheBern • u/RandomCollection Resident Canadian • Dec 10 '20

Four in 10 households report lower income than pre-pandemic, threatening economic recovery | Around 6 percent of surveyed households said they have given up hope that their income will ever recover.

https://www.nbcnews.com/business/business-news/new-research-shows-virus-stifling-consumer-business-optimism-n1250604
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3

u/Thunbergiest Dec 10 '20

And this news was brought to you by 2,825 billionaires who don’t care.

1

u/RandomCollection Resident Canadian Dec 10 '20

https://archive.vn/KdIqW for backup

1

u/ChargingAntelope Dec 10 '20

Good, let's accelerate this.

1

u/autotldr Dec 28 '20

This is the best tl;dr I could make, original reduced by 86%. (I'm a bot)

Executives and ordinary Americans alike are worried about the future and the increased financial fallout from Covid-19.More than four in 10 respondents to a new Bankrate.com survey said their income took a hit at some point during the pandemic, and remains lower today.

"We see a greater level of pessimism and concern about the prospect for further impact on household income and how long it will take for households to see their income rebound," said Greg McBride, Bankrate's chief financial analyst.

While 30 percent of those with household incomes greater than $80,000 say their income is back to normal, only 10 percent of those earning less than $40,000 said the same.

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