Poll finds many in U.S. still facing COVID-19 financial loss
CHARLOTTE, N.C. >> Roughly 4 in 10 Americans say they’re still feeling the financial impact of the loss of a job or income within their household as the economic recovery remains uneven one year into the coronavirus pandemic.
A new poll by The Associated Press-NORC Center for Public Affairs Research provides further evidence that the pandemic has been devastating for some Americans, while leaving others virtually unscathed or even in better shape, at least when it comes to their finances. The outcome often depended on the type of job a person had and their income level before the pandemic.
The pandemic has particularly hurt Black and Latino households, as well as younger Americans, some of whom are now going through the second major
economic crisis of their adult lives.
“I just felt like we were already in a harder position, so (the pandemic) kind of threw us even more under the dirt,” said Kennard Taylor, a 20-year-old Black college student at Jackson College. Taylor lost his job as a server in the campus cafeteria in the first weeks
of the pandemic and struggled to make rent and car payments while continuing his studies. He had to move back in with his family.
The poll shows that about half of Americans say they have experienced at least one form of household income loss during the pandemic, including 25% who have experienced a household layoff and 31% who say someone in the household was scheduled for fewer hours. Overall, 44% said their household experienced income loss from the pandemic that is still having an impact on their finances.
The poll results are consistent with recent economic data. Roughly 745,000 Americans filed for unemployment benefits the week of Feb. 22, according to the Labor Department, and roughly 18 million Americans remain on the unemployment rolls.
Thirty percent of Americans say their current household income is lower than it was when the pandemic began, while 16% say it is higher and 53% say there’s been no change. About half of those who experienced any form of household income loss during the pandemic say their current household income is lower than it was.
The poll’s findings reflect what some economists have called a “K-shaped recovery,” where there have been divergent fortunes among Americans. Those with office jobs were able to transition to working from home while those who worked in hard-hit industries such as entertainment, dining and travel suffered. The poor have struggled to recover compared to the wealthy and Black and Latino households have not bounced back as well as their white counterparts.
Logan DeWitt, 30, kept his job with the government through the pandemic because he could work remotely. But his wife, a childcare worker, lost her job and after months of searching for a new one has returned to school. Their financial situation was further complicated by the fact that their first child was born in the early months of the pandemic.
“We had plans to get a house. Had to scrap that idea, and we consolidated down to just one car. We do a lot of cooking from home and buying in bulk,” DeWitt said.
About 1 in 10 Americans say they couldn’t make a housing payment in the last month because of the pandemic, and roughly as many say that of a credit card bill. Overall, about a quarter of Americans say they’ve been unable to pay one or more bills in the last month.
Thirty-eight percent of Hispanics and 29% of Black Americans have experienced a layoff in their household at some point during the past year, compared with 21% of white Americans.
This recession has been particularly hard on younger Americans, too. Forty percent of Americans under 30 report lower income now, compared to March 2020. About 4 in 10 have been scheduled for fewer hours. Roughly a quarter say they quit their job. Many millennials, who experienced the Great Recession early in their adult lives, are now experiencing yet another major financial crisis.
JUPILLES, FRANCE » Four French oaks that have been standing for hundreds of years in a once-royal forest now have a sacred destiny. Felled Tuesday in the Loire region’s Forest of Berce, they have been selected to reconstruct Notre Dame cathedral’s fallen spire.
The 305-foot-high spire, made of wood and clad in lead, became the most potent symbol of the April 2019 blaze when it was seen engulfed in flames, collapsing into the inferno.
Last July amid a public outcry, French President Emmanuel Macron ended speculation that the 19thcentury peak designed by Eugène Viollet-le-Duc could be rebuilt in a modern style. He announced it would be rebuilt exactly as it was before. And that began a nationwide
tree hunt, culminating in the painstaking selection in January and February of this year.
Some 1,000 oaks in more than 200 French forests, both private and public, were chosen to make the frame of the cathedral transept and spire, destined to be admired on the Paris skyline for potentially hundreds
of years.
“Given the place occupied by the cathedral in the hearts of the French, in the history of France and the world ... we are happy (that) the entire industry — from foresters to sawyers — is mobilized to meet this challenge,” said Michel Druilhe, President of France Bois Foret, a national interprofessional forestry network.
Reconstruction of the 12th-century cathedral in wood is a daunting prospect. The inside was such a lattice of beams and supports that it was affectionately called the “forest.” Calls to reinforce it with fireproof concrete were dismissed, even after such material helped limit the fallout from a blaze in the Gothic Nantes Cathedral last year.
Understandably, the dimensions required for Notre Dame’s anointed timbers are clinically precise:
Many trunks have to measure over 3 feet wide and 60 feet long. Eight of the trees, destined for the most monumental part of the spire, were found in the Forest of Berce that once belonged to the Kings of France.
On Tuesday, chainsawwielding tree surgeons in Berce scaled the special oaks to fell them in a race against the clock. All 1,000 must be “harvested” around the country by the end of March, otherwise harmful tree sap and moisture could enter the wood fibers. So far, so good.
“We have just measured one; it fits the required criteria in length and diameter. The only thing left to do is make the beam for Notre Dame,” Anthony Jeanneau, ONF Forestry Technician, said as trees fell noisily around him.
There is in fact one other requirement: Patience. The trunks must be left out to dry for up to 18 months.
That fact alone shows why Macron’s pledge to rebuild the cathedral within five years has been widely dismissed as unrealistic.