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For Millions Of Americans, No Money = No Christmas In 2020 – Investment Watch

In modern times, there has never been a Christmas like this in America.  Millions are freshly unemployed, another wave of lockdowns is forcing countless businesses to close their doors, and people are waiting in line for hours at food banks all over the nation just to get a little bit of food for their families.  Of course those at the bottom end of the economic food chain are being hit the hardest.  It is being reported that employment among those that make $27,000 a year or less is down 20 percent from pre-pandemic levels.  That is an extremely shocking number, and it helps to explain why the number of Americans living in poverty rose to 52 million during the month of November.

For Millions Of Americans, No Money = No Christmas In 2020

Pain, despair and poverty reach fever pitch for unemployed workers

Pain, despair and poverty reach fever pitch for unemployed workers CNBC 12/19/2020 Nine months ago, the coronavirus pandemic upended the economy, swiftly pushing millions into joblessness. Financial plight has been growing steadily since the summer as Americans await further relief from Congress. Unemployed workers Randy Chase, Adonijah Niles and Mike Carpenter exemplify the growing hardship around the country. © Provided by CNBC Randy Chase, 57, does masonry work on construction crews. With unemployment benefits stalled since April and no savings left, he s been living in his pickup truck outside of Denver since September, using an electric heater to keep warm. Randy Chase has lived in his pickup truck for months.

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