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.