Tag: COVID relief

100 dollar bills, COVID masks and latex gloves on a clothes line

Rising asset markets helped the rich and government payments let the poor break even. We just finished a study that looks at how the pandemic affected the finances of vulnerable households as well as those with more resources, using data from the Panel Study of Income Dynamics (PSID).  The PSID is a panel survey, whic…

100 dollar banknote with a face mask against Covid infection

Introduction  The question is how the COVID-19 pandemic affected the finances of the vulnerable households, as well as those with more resources.  On one hand, the shutdown of the economy resulted in salary cuts and job losses.  On the other hand, many households received substantial government relief – through stimulus payments and unemployment benefits –…