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COVID-19: Middle class shrank, poverty grew worldwide amid pandemic

COVID-19: Middle class shrank, poverty grew worldwide amid pandemic

A new study from the Pew Research Center concluded that the middle class shrank worldwide, while some 131 million people fell into the category of poverty as a consequence of the COVID-19 pandemic. Compared to pre-pandemic data, 54 million individuals ceased to belong to the middle class. The largest increase in poverty levels were noticed in South Asia, particularly India, and sub-Saharan Africa.

pennydreadful
pennydreadful
darkwingsmurf
darkwingsmurf 0 months

Who would have thought shutting down businesses world wide and shunting all commerce to major companies like Amazon and Walmart would be a problem

Jack
Jack 0 months

Well yes, the rich grew richer during a time where social manipulation was easiest and the catastrophe was most juicy to benefit on.

Shane
Shane 4 weeks

This was not a result of the covid-19 pandemic. This is a direct consequence of the measures that were brought forth by the WHO and blindly followed by governments the world over. It is an utter disgrace. There was no balanced discussion on the economic crisis that loomed from these measures. We've been screaming about it since day 1. But the fear around covid (deliberately amplified by our media and government officials, and consistently reminded to us via campaigns, tracker apps and masking) has kept us all from seeing the bigger picture. The extent of these measures was nothing more than an exercise of power and control - to test our complacency, trust, and our ability to reorganise our lives with the flick of a switch.. which the WEF has so joyfully commended us for. The measures that were enforced over the last year predictably distributed wealth away from poorer families and into the hands of the upper class (or more precisely to those elites who had a stake in the Davos agenda) at a blindingly fast rate. And in the midst of a disgruntled population, the WEF extends its corrupted hands to us all, promising a better future. After all, they know we will take it gladly. We need to cast a skeptical eye on grand promises and agendas, and reject the "new normality" that these people have been cooking up from the beginning. Because if we don't, we surely will transition to a point of no return. - - - Btw I think there are plenty of strategies we could have used to deal with covid. A discussion which balanced the health, economy, and people's freedoms was necessary to do this but it never surfaced. Priorities were skewed far too heavily in favor of one component. That was our major downfall.

Madje
Madje 4 weeks

Obviously. “Help the poor” is always an excuse to either push their agenda or hinder a Republican agenda. If you haven’t figured out, it’s never about “the poor” with them, something is wrong with you. If you care about “the poor,” it should be clear everything they do only hurts the poor long term, yet the poor still vote for them because they verbally appease them.

Phoenix
Phoenix 4 weeks

Shutting small businesses down and keeping big corporations open transferred 280 billion dollars to America’s billionaires. Lockdowns made the rich richer and the poor poorer.

michael
michael 4 weeks

Countries that implemented UBI did not suffer as much recession. Support it with a wealth tax and you have a direct avenue to address wealth inequality.

Aleks
Aleks 4 weeks

The fact that most minorities are poorer is part of White privilege and it is a statistical concept. However White people suffer too and a good portion of them are very poor. Sneaky politicians know this and convince the poor, less educated White people that their enemy is the brown and black poor people. They tell them that they are poor because of the other poor people, not because those same politicians are perpetrating an economic system that makes the richer richer and the poorer poorer. There is a measure for this it is called the Gini coefficient. It is easy to do, you keep talking to the poor people about other things, that do not matter like: guns, Emmy performances, face masks, civil rights movements, who should use which bathroom, who should love who, when women should or shouldn’t give birth, toys and children books.. And the poor White people fall for it... and more of them become poor...

Aleks
Aleks 4 weeks

OMG, right wingers... haven’t you learned yet? The economy and people health are double connected, you cannot protect one without protecting the other one. Lockdowns are necessary to protect public health otherwise that is no economy only dead people. And hesitating, Is only making it more costly for the economy. Spouting nonsense about masks and vaccinations or saying it is a democrats hoax is also making things more costly for the economy. As is holding super spreader events and call them campaign rallies. Countries with a decent social security net and a fair wealth redistribution are going through the pandemic much easier than countries that have none of these things. If you are interested in politics start learning basic things.

Tamira
Tamira 4 weeks

This is not the pandemic's fault. It's the government. Remember every single politician who supported this come the next election.

WJ MacKENZIE
WJ MacKENZIE 4 weeks

Cant decide if this falls into the "no shit, sherlock" category or the "we told ya" category.

Beisht Kione
Beisht Kione 4 weeks

The pandemic didnt do this. The lockdowns did.

J. S. Dietrich
J. S. Dietrich 4 weeks

And the rich got richer. That's left wingers for ya.

ttocsick
ttocsick 4 weeks

It was all by design.

Robo
Robo 4 weeks

That's literally the goal, so obviously.

Jon
Jon 4 weeks

Was it the virus, or the lockdowns, that shrank the middle class? I'm going to go out on a limb here and suggest that the party of upper crust conservatives benefits from more people making more money and rising up in society, and the party of the poor benefits from more people being locked in endless poverty. I mean, why would wealthy people vote for Democrats?

John
John 4 weeks

Newsflash: People get poorer when you don't let them work

Jaye Muller
Jaye Muller 4 weeks

They mean amid government measures to kill business worldwide.

Rational ific
Rational ific 4 weeks

Alternative headline: "Shutdowns are white supremacy." Let a progressive stew on that.

Scipio
Scipio 4 weeks

Wow, I would never have guessed that shutting down businesses would impact people.

Kenneth
Kenneth 4 weeks

Socialists Democrats bringing down the economy so you have to kiss their boots to eat!

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