Poverty Spikes After ‘The Cares Act’ Funds Dry Up.
“The number of poor people has grown by eight million since May, according to researchers at Columbia University, after falling by four million at the pandemic’s start as a result of an $2 trillion emergency package known as the Cares Act.”
The far and wide reaches of the pandemic will ripple through the economy for years to come and many people will be going through periods of extreme poverty as result. I was encouraged by the efficacy of the Cares Act and how it was able to permeate so many facets of the economy and functioned as a life raft for early months of the crisis. Sadly, the impenetrable gridlock in Washington has prevented an extension of this program that helped so many people. Hopefully it can be used as blue print for future aid packages or even basic social welfare programs aimed at helping the poorest in the country.
