Charlie Buttrey

May 28, 2020

It probably comes as no surprise that the economic impact of the coronavirus has fallen disproportionately on those who least able to bear the impact.

According to this article at Politico.com, 39 percent of working people whose household income is less than $40,000 either lost their jobs or were furloughed. That compares with 19 percent of people in households making between $40,000 and $100,000, and 13 percent in households with an income above $100,000.

In addition, people with more education also had more ability to work from home. 63 percent of workers with at least a bachelor’s degree worked entirely from home during the last week of March, compared to 27 percent of people with some college education or an associate degree, and 20 percent of workers with a high school degree or less.

 

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