News Socioeconomic Impacts of COVID-19 SPI

COVID-19 job and income loss leading to more hunger and financial hardship

The SPI Socioeconomic Impact of COVID-19 survey found that 24% of respondents lost a job or income due to COVID-19. Most of these jobs or income losses were due to being furloughed or experiencing reduced work hours. However, these job and income losses were not experienced equally. Hispanic, low-income, and young individuals (between the ages of 18 and 24) had the highest rates of job and income loss compared to other racial/ethnic, income, and age groups.

The authors make three policy recommendations to alleviate the negative outcomes of job or income loss in this article.

Read the full story and findings on Brookings Institution.