{"642178":{"#nid":"642178","#data":{"type":"news","title":"Ivan Allen College Researcher Shows Many in U.S. Faced Economic Hardship Due to Covid-19 ","body":[{"value":"\u003Cp\u003ENew research has found that almost 25% of U.S. respondents experienced two of four types of deprivation due to the coronavirus pandemic.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EShatakshee Dhongde, associate professor of economics in the Ivan Allen College of Liberal Arts, analyzed results of the Federal Reserve Board\u0026rsquo;s Survey of Household Economics and Decision-Making to determine the multiple economic deprivations experienced by respondents. Her work was recently published in the open-access journal \u003Cem\u003EPLOS ONE\u003C\/em\u003E. Dhongde found that significant proportions of U.S. respondents were experiencing economic hardships even early in the Covid-19 pandemic, with Hispanic citizens being particularly affected.\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026ldquo;The paper highlights the plight of Americans during the early months of the economic crisis set in motion amid the coronavirus pandemic,\u0026rdquo; Dhongde said. \u0026ldquo;It sheds light on how economic disparities deepened along racial and ethnic lines.\u0026rdquo; \u0026nbsp;\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe pandemic triggered an unprecedented economic crisis in the U.S. Data from the Centers for Disease Control and Prevention shows more than 374,000 confirmed U.S. Covid-19 cases between April 3 and April 6. The Federal Reserve Board surveyed 1,030 U.S. respondents about their households. The survey compiled data on four indicators of economic deprivation: overall financial condition, loss of employment, reduction in income, and inability to pay bills in full.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EDhongde found significant deprivation among respondents, with almost 25% reporting hardships in at least two of the four indicators. One quarter of respondents saw their incomes fall compared to the previous month, and 13% were unable to pay their monthly bills.\u0026nbsp;Young adults and those without a college education experienced a disproportionate loss of economic well-being.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EShe also found that Hispanic respondents were experiencing significantly higher deprivation: over 37% of these respondents faced hardships in at least two of the four indicators, and 8% reported hardships in all four areas.\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u0026ldquo;Going forward, it is urgent that we prioritize economic aid to vulnerable populations,\u0026rdquo; Dhongde added. \u0026ldquo;These individuals are experiencing multiple hardships, and, without immediate aid, they will not be able to sustain the economic shock of the pandemic.\u0026rdquo;\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe paper, \u0026quot;Multidimensional Economic Deprivation During the Coronavirus Pandemic: Early Evidence from the United States,\u0026quot;\u0026nbsp;\u0026nbsp;is available at\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Ca href=\u0022https:\/\/nam12.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fjournals.plos.org%2Fplosone%2Farticle%3Fid%3D10.1371%2Fjournal.pone.0244130\u0026amp;data=04%7C01%7Cmichael.pearson%40iac.gatech.edu%7C856cb145bf2a498b19df08d8a2006ac5%7C482198bbae7b4b258b7a6d7f32faa083%7C0%7C0%7C637437469956405383%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000\u0026amp;sdata=3Kk2qdMGTgNjfLNg29K84RvUd%2Bl7I6LD2hw%2FhgnkTKE%3D\u0026amp;reserved=0\u0022 rel=\u0022noopener noreferrer\u0022 target=\u0022_blank\u0022 title=\u0022\u0022\u003Ehttps:\/\/journals.plos.org\/plosone\/article?id=10.1371\/journal.pone.0244130\u003C\/a\u003E\u003C\/p\u003E\r\n\r\n\u003Cp\u003E\u003Cstrong\u003E\u003Cem\u003EFor more coverage of Georgia Tech\u0026rsquo;s response to the coronavirus pandemic, please visit our\u0026nbsp;\u003Ca href=\u0022https:\/\/c.gatech.edu\/COVID19Help\u0022 rel=\u0022noopener\u0022 tabindex=\u0022-1\u0022 target=\u0022_blank\u0022\u003EResponding to Covid-19\u003C\/a\u003E\u0026nbsp;page.\u003C\/em\u003E\u003C\/strong\u003E\u003C\/p\u003E\r\n","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003ENew research has found almost 25% of people surveyed experienced some form of deprivation due to the coronavirus pandemic.\u0026nbsp;\u003C\/p\u003E\r\n","format":"limited_html"}],"field_summary_sentence":[{"value":"New research has found almost 25% of people surveyed experienced some form of deprivation due to the coronavirus pandemic. "}],"uid":"34600","created_gmt":"2020-12-16 19:55:12","changed_gmt":"2020-12-18 21:07:28","author":"mpearson34","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2020-12-16T00:00:00-05:00","iso_date":"2020-12-16T00:00:00-05:00","tz":"America\/New_York"},"extras":[],"hg_media":{"634654":{"id":"634654","type":"image","title":"Dr. Shatakshee Dhongde","body":null,"created":"1587583895","gmt_created":"2020-04-22 19:31:35","changed":"1587583895","gmt_changed":"2020-04-22 19:31:35","alt":"","file":{"fid":"241514","name":"Dhongde Photo.jpg","image_path":"\/sites\/default\/files\/images\/Dhongde%20Photo.jpg","image_full_path":"http:\/\/www.tlwarc.hg.gatech.edu\/\/sites\/default\/files\/images\/Dhongde%20Photo.jpg","mime":"image\/jpeg","size":40128,"path_740":"http:\/\/www.tlwarc.hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/Dhongde%20Photo.jpg?itok=wZPgV-S3"}}},"media_ids":["634654"],"groups":[{"id":"1281","name":"Ivan Allen College of Liberal Arts"},{"id":"1282","name":"School of Economics"}],"categories":[{"id":"129","name":"Institute and Campus"},{"id":"151","name":"Policy, Social Sciences, and Liberal Arts"}],"keywords":[],"core_research_areas":[{"id":"39511","name":"Public Service, Leadership, and Policy"}],"news_room_topics":[{"id":"71901","name":"Society and Culture"}],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003EDenise Ward\u003Cbr \/\u003E\r\n\u003Ca href=\u0022mailto:denise.ward@gatech.edu\u0022\u003Edenise.ward@gatech.edu\u003C\/a\u003E\u003C\/p\u003E\r\n","format":"limited_html"}],"email":["denise.ward@gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}