Half Of Households Financially Impacted By Coronavirus. It Could Get Worse.
The NPR Politics Podcast
NPR
4.4 • 25.7K Ratings
🗓️ 29 April 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
This episode: congressional correspondent Susan Davis, senior political editor and correspondent Domenico Montanaro, political reporter Miles Parks, and chief economics correspondent Scott Horsley.
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Transcript
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| 0:00.0 | This is Leo from Erwin. My dad is trying to secure loans from the paycheck protection |
| 0:14.5 | program while my two-year-old brother is climbing on him. This broadcast is reported at |
| 0:27.6 | 1.55 pm on Wednesday, April 29th. One thing I can absolutely relate to is having a toddler |
| 0:43.5 | crawl on you when you're trying to get something done these days. Hey there, it's the MPR |
| 0:49.5 | Politics Podcast. I'm Susan Davis. I cover Congress. I'm Scott Horsley. I cover the economy. |
| 0:54.0 | I'm Dominic Amatson. I'm a senior political editor and correspondent. Half of Americans |
| 0:59.1 | now say they've taken a financial hit because of the coronavirus pandemic and the economy |
| 1:04.8 | shrank at an annual rate of almost 5% in the last three months. Dominico, that half of |
| 1:11.5 | Americans said that comes from our latest MPR PBS Maris poll. That's a huge number. Put |
| 1:16.7 | this in perspective. It's a huge number. 50% of Americans now say that they have been |
| 1:21.9 | financially affected by coronavirus. Either they or someone in their household has either |
| 1:28.2 | lost hours at their job or lost their job entirely. That's up from 18% when we asked that |
| 1:34.1 | question a month ago, which really just shows you how deep this is starting to go and what |
| 1:39.9 | could happen if this continues? Not everyone has been affected equally though. I mean, |
| 1:45.5 | non-whites have been affected harder. Who else? Yeah, 60% of non-whites said they are |
| 1:50.7 | someone in their household has lost hours or a job compared with 43% of whites. In addition, |
| 1:57.5 | 55% of those without a college degree say that they've been affected as opposed to about |
| 2:05.3 | 45% of those with a college degree. People under 45 more affected and people who make less |
| 2:12.3 | than $50,000 a year. So really the most vulnerable in society taking the hardest hit here. |
| 2:18.1 | Scott, this doesn't really seem like a surprise when you think about everything that we're |
| 2:21.2 | already feeling and the unemployment numbers that have gone up and up. I think they're |
| 2:24.5 | well over 20 million now. So an economic slowdown, no big surprise. That's right. So I mean, |
... |
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