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The Covid Divide: The pandemic economy has hurt some, but helped others

The Covid Divide: The pandemic economy has hurt some, but helped others
CNN
12/10/2020
© Shutterstock
For many Americans, the economic effects of the pandemic have been devastating. Millions have lost jobs. Food and housing insecurity has soared. And roughly half of US households reported a drop in income this year, according to Bankrate.com.
Life will get worse for them if they don t get more financial help or paying work soon.
But others lucky enough to keep their jobs and even work from home have ended up financially better off, or at least unaffected, thanks to such factors as a rising stock market, increased savings, or a boost in demand for their business. ....

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The Covid Divide: The pandemic has plunged some into poverty, and boosted savings for others

Why the stock market feels immune to the pandemic
ADP Chief Economist Nela Richardson says the US job market will continue to struggle until a stimulus is passed and a vaccine can be widely distributed.
Posted: Dec 10, 2020 8:43 AM
Updated: Dec 12, 2020 10:30 AM
Posted By: CNN
If you ve paid any attention to Capitol Hill, you know lawmakers are having huge problems getting a new $1 trillion-ish stimulus package passed even though Democrats, Republicans, business leaders and the Federal Reserve have all said the government must pump this money into the economy.
But if you re lucky enough to have a 401(k), you may also have been shocked to see your bottom line grow. Maybe a lot. ....

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