Economic impact of corona lockdowns by Christian Kreiss, 7/13/2020

Even before the current lockdown-induced economic depression, the assets of the lowest 20 percent of US households – between 2007 and 2019 – had fallen by about a third according to the Wall Street Journal, and their incomes had fallen by 2 percent in real terms in these 12 years. Then came the lockdown. It hit the bottom fifth of the US population correspondingly hard.

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