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  • 2020 04. April
    • 15

      The Unequal Impact of the COVID-19 Crisis on Households' Financial Stability

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      April 15, 2020 | GTCUW Staff

      Prosperity Now recently released a scorecard detailing the unequal impact of the COVID-19 crisis on households' financial stability, highlighting who is more likely to be hurt by COVID-19 and why.  Here is a link that that report.

      As the report states, "While the scale of the impact of the pandemic will remain unknown for some time, one thing is certain: this public health crisis will directly, or indirectly, affect every individual across the globe. Although everyone is vulnerable to contracting the virus, the risk of developing severe or lethal illness is not equally distributed across the population. The elderly and those with certain preexisting health conditions are especially vulnerable. Similarly, the negative impact that this crisis will have on the finances of families and individuals will disproportionately hurt those who are already economically vulnerable."

      Prosperity Now and their partners have also shared a collection of COVID-19 resources on their website.