Published: 5th Aug 2020

The economic and employment impact of the COVID-19 pandemic will be ‘significant’ for those already living in poverty, according to a new study. A report published today (5 August) by the Social Metrics Commission (SMC), based on YouGov survey data from around 80,000 people shows that those in work prior to the crisis and already in the deepest forms of poverty have been most heavily impacted by the economic fallout. For example, those more than 50% below the poverty line have been 15 percentage points more likely to have been furloughed, had reduced wages, or lost their job. It also found that the youngest and oldest workers have been impacted most by COVID-19. Compared to those aged between 35 and 44, those aged 18-24 and those aged 55 and over are more likely to have been furloughed, had their wages cut, or lost their job. And the report also reveals … (To read the full article, subscribe below)