That is mostly true. According to a report from the Economic Policy Institute, 12 million Americans may have lost health insurance since February. That is based on the fact that most U.S. workers rely on an employer for insurance. When the COVID-19 crisis hit, millions of people lost their jobs. But the Economic Policy Institute has not calculated yet how many of those laid off workers were able to get on public assistance. So while millions lost employer provided insurance, some may have been able to find coverage from another source. Final numbers on how many people lost health insurance completely will not be available until next year.
WCNC Charlotte
October 1, 2020
The Economic Policy Institute has estimated that failure to provide support to local government could cost 5.3 million jobs through 2021.
Tech Explore
October 1, 2020
“The economic pain easily extends to over 33 million people in the economy today, and that doesn’t include those who had lost their jobs and regained employment but got behind on their bills or those who lost loved ones and providers to illness,” wrote Elise Gould, senior economist at the left-leaning Economic Policy Institute, in a Wednesday preview of the jobs report.
The Hill
October 1, 2020
After loading up on sourdough starters this spring and garden supplies over the summer, this fall Americans may be itching to buy a car. This might especially be true for city-dwellers who’ve previously avoided car ownership, but who now balk at the prospect of relying on public transportation to get around in a pandemic. I love the Lex, the green train, the most crowded train in the City — it zips me from home to work and back. Before the pandemic, we packed in like sardines. So much for that.
Bloomberg
October 1, 2020
Ironically, the most common retirement savings account, the 401(k) plan, is not delivering adequate savings, according to the Economic Policy Institute. Americans ages 56 to 61 had a median 401(k) balance of just $21,000 in 2016, the institute found, using Survey of Consumer Finance data.
MSN Money
September 30, 2020
And that’s just the federal share of taxes. To find the total tax burden on the top 1%, GOBankingRates analyzed 2019 data from the Tax Foundation on federal and state income tax rates for single filers and married couples filing jointly. The average annual income of the top 1% was sourced from the Economic Policy Institute.
GO Banking Rates
September 30, 2020
“We just cannot get out of this — the hole that we’re in — in any reasonable way, without doing huge scarring, without a much stronger care infrastructure,” said Heidi Shierholz, senior economist at the Economic Policy Institute.
Bloomberg News
September 30, 2020
Nevada was the state with the highest Hispanic unemployment rate for the second quarter at about 30 percent, up from about 5 percent last quarter, according to a report by the Economic Policy Institute.
Nevada Current
September 30, 2020
According to the Economic Policy Institute, 6.2 million workers lost employer-sponsored health insurance between February and July 2020, while 12 million people (including spouses and dependents) lost coverage.
UAW
September 30, 2020
Heidi is interviewed about essential workers.
KIDK
September 30, 2020