Here’s what you need to know.
The coronavirus pandemic has some of the craziest statistics that we have seen in modern day, but one statistic is more shocking by far. It has been shown that the stimulus checks provided by the government lifted millions of Americans out of debt.
Roughly around 12 million Americans were lifted out of poverty by the stimulus check while around 5 million other Americans were lifted due to unemployment checks that were given. The poverty rate subsequently fell to around 9.1% due to the amount of stimulus and unemployment benefits that were given.
The data also shows that the uninsured rate has not risen nor fallen since the pandemic which means that if one has lost their job, they have been compensated for their loss through health insurance or medicaid. Although many Americans were given stimulus and unemployment benefits, millions of Americans still suffer from poverty due to the coronavirus pandemic.
