America’s miserable, K-shaped Christmas

 America’s miserable, K-shaped Christmas

santa claus

The vacations aren’t looking so happy this year.
Noam Galai/Getty Images.

Santa’s in a plexiglass box, there’s an ever-worsening pandemic, and just $600 is on its way

Merry Christmas, America.

In a year like no other, even Christmas isn’t immune to the disastrous effects of the pandemic. Dr. Anthony Fauci will be celebrating on Zoom, and he’s prompting fellow Americans to do the same.

Unfortunately, numerous families will experience their very first holiday season without a liked one.

The ” K-shaped healing” has been the economic story of 2020 Higher-income Americans– specifically those in markets like tech and software– have actually seen jobs return and their earnings grow, with halls appropriately decked

And then there’s the bottom of the K: Nearly 8 million Americans fell below the hardship line from June to November, according to a report from scientists at the University of Chicago and University of Notre Dame.

The latest information from the Bureau of Labor Data shows that over 10 million Americans were still unemployed as of November. Gen Z has been hit hardest in terms of joblessness, while millennials were most likely to get a pandemic pay cut The package, which reportedly includes $600 in stimulus checks and an additional $300 week in unemployment benefits, is half as generous as the last stimulus plan (that one provided for $1,200 stimulus checks a

Read More

Redak staff

Leave a Reply

Your email address will not be published.