Gallup: 1 in 4 U.S. workers now fears losing job amid pandemic
The coronavirus pandemic has erased nearly all the jobs gains of the last decade. It took just one month to do it and millions of people who still have their jobs fear they’ll be next. Last week, the government reported that another 5.25 million people applied for unemployment benefits in the second week of April, bringing new jobless claims over the past month to 22 million.
Employed women, lower income Americans and non-college graduates worry more about the prospect of losing their jobs compared to their counterparts, and nearly one quarter of employed Americans earning less than $40,000 or less say they could be without a job for a week or less before experiencing “significant financial hardship,” Gallup said.
Low-income renters are at a high risk of eviction, according to Mary Cunningham, a fellow at the Urban Institute, a left-of-center nonprofit policy group. The recent $2 trillion CARES Act, a federal stimulus package, “didn’t do enough to address increases in housing insecurity for the nearly 11 million low-income renter households paying more than half their income toward rent,” he said.
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