return2ozma@lemmy.world to News@lemmy.world · 11 months agoA staggering 80% of American households are financially worse off than they were before COVID-19finance.yahoo.comexternal-linkmessage-square154fedilinkarrow-up1964arrow-down113
arrow-up1951arrow-down1external-linkA staggering 80% of American households are financially worse off than they were before COVID-19finance.yahoo.comreturn2ozma@lemmy.world to News@lemmy.world · 11 months agomessage-square154fedilink
minus-squareMonkderZweite@feddit.chlinkfedilinkarrow-up28·edit-211 months agoPeople who had the assets got that money. https://www.weforum.org/agenda/2022/04/economic-inequality-wealth-gap-pandemic/
minus-squareTangledHyphae@lemmy.worldlinkfedilinkarrow-up10·11 months agoI didn’t find “PPP” in that article, but I’m guessing those loans helped fuel that fire?
minus-squaredangblingus@lemmy.dbzer0.comlinkfedilinkarrow-up13·11 months agoUndoubtedly. Many PPP loans were taken fraudulently as well (how many “businesses” do MTG and Matt Gaetz operate exactly?) so that had to have negative repercussions.
People who had the assets got that money.
https://www.weforum.org/agenda/2022/04/economic-inequality-wealth-gap-pandemic/
I didn’t find “PPP” in that article, but I’m guessing those loans helped fuel that fire?
Undoubtedly. Many PPP loans were taken fraudulently as well (how many “businesses” do MTG and Matt Gaetz operate exactly?) so that had to have negative repercussions.