Thread: The #unemployment rate is very high & millions report that their households did not get enough to eat or that they are behind in paying the rent.
🍎 Having difficulty getting enough food
🏠 Unable to pay rent or mortgage
🏭 Unemployment is high
🧒 There are millions of kids facing hardship
📈 And overall hardship is trending upward
🍎 About 29M adults — 12.1% of all adults — reported that their household sometimes or often didn’t have enough to eat in the last 7 days. That translates to an estimated 9-17M kids who live in a family in which the kids were not eating enough because the they couldn’t afford it.
🏠 An estimated 14.8M adults who live in rental housing — 1 in 5 adult renters — were behind on rent. Renters who are parents are nearly 2x as likely to be behind on rent compared to adults not living with kids. Some 8M kids lived in a household that was behind on rent.
🏭 The #unemployment rate is currently 10.2% - higher than at any point in the Great Recession.
The majority of jobs lost in the crisis have been in industries that pay low average wages, with the lowest-paying industries accounting 51% of the jobs lost from February to July.
🧒 ~19M kids, or 1 in 4 children, live in a family that isn’t getting enough to eat, is behind on rent or mortgage payments, or both.
These levels of hardship are substantially higher among Black & Latino kids, reflecting longstanding inequities that the crisis has exacerbated.
📈 These hardship points are trending upward. Future hardship trends will depend on several factors, including the incidence of #COVID19, whether the job market rebounds, & the relief measures policymakers put or keep in place.
The extent & severity of continued hardships like hunger, eviction, & homelessness will depend on whether such relief is robust & reaches those in need.
The jobs report released last week showed that 140,000 jobs were lost in December. The latest #CovidRelief bill doesn't provide enough relief. The larger risk for the nation isn't providing enough economic stimulus & hardship relief.
People of color, who have experienced disproportionate hardship in the pandemic & recession, & who historically have waited longest to see the fruits of an economic recovery, are also the most at-risk right now.
Private & government payrolls combined fell by 140,000 jobs, which is larger in percentage than the deficit in the worst month of the Great Recession (6.3%). Long-term unemployment of 27 weeks+ again rose sharply, & racial disparities in employment outcomes remained wide.
Thread: today, new data from the Census Pulse show that millions of Americans are still struggling to afford food and rent. This economic crisis is far from over for many, and policymakers need to do more to make sure families can put food on the table. /1 #COVIDRelief
Census data from September 2-14 show that about 10% of all adults reported their household sometimes or often didn’t have enough to eat in the last 7 days, more than twice the share of adults who reported this at any point in 2019 (3.7%). /2
Because of longstanding inequities exacerbated by the pandemic, the shares of Black and Latino adults reporting their households aren’t getting enough to eat are more than DOUBLE the share of white adults reporting this. /3
.@AvivaAronDine also addresses the real threat that the Affordable Care Act the ACA including Medicaid expansion could disappear altogether, right in the middle of the crisis, because SCOTUS is hearing the Trump administration case against it.
@AvivaAronDine Striking down the law would end protections for people with pre-existing conditions, including the millions of Americans who have just acquired a pre-existing condition because they had #COVID19. #ProtectOurCare
Thread: Yesterday’s announcements by the Federal Housing Administration (FHA) & Federal Housing Finance Agency (FHFA) might be welcome news for some homeowners, but it changes little for renters.
Here’s why 👇👇
These actions stop renter evictions only for the very small share of renters that may be living in single-family homes owned by Fannie Mae or Freddie Mac as a result of foreclosure.
Millions of other renters are behind on rent, & 8 million kids live in these homes. There is only one way to provide them with real help: a robust, bipartisan, #COVIDRelief bill that provides rental assistance & protects people from eviction.
Thread: HUD is reportedly preparing to extend a moratorium that protects some homeowners (those with Federal #Housing Admin. mortgages) from foreclosures through the end of the year.
Here's why that's not nearly enough to address the ongoing crisis.
This limited relief appears to do little or nothing to protect the large number of renters struggling to keep a roof over their heads. That’s because the measure only applies to mortgage lenders who have no say in evictions outside of very limited (& infrequent) situations.
This comes as 21% of all renters were behind on their rent in July with Black & Hispanic renters facing substantially higher housing hardships than white renters.