5 economic statistics that show the financial devastation of the pandemic for average Americans

Reuters

• The coronavirus pandemic has plunged the US into its worst recession in nearly a century.
• Millions of people have lost their jobs and their employer-sponsored health insurance due to the pandemic.
• Outlined below are five economic statistics that capture the financial devastation among ordinary Americans.

The coronavirus pandemic has thrown America into it's worst economic downturn since the Great Depression nearly a century ago.

The recession has caused scores of small businesses to close permanently and many people to lose their jobs. As a result, millions of people no longer have access to employer-sponsored health insurance. Meanwhile, Congress is deeply divided on the shape of the next federal rescue package after passing nearly $3.5 trillion in spending so far.

Outlined below are five economic statistics that illustrate the financial devastation due to the pandemic among ordinary Americans.

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Read the original article on Business Insider