As nearly 17 million people lose jobs, more young Americans and Democrats say coronavirus is likely to hurt their finances

As nearly 17 million people lose jobs, more young Americans and Democrats say coronavirus is likely to hurt their finances
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The spread of COVID-19, the disease caused by the novel coronavirus, does not appear to have yet peaked. Jobless claims soared again in early April as coronavirus layoffs swell to nearly 17 million, according to the latest data from the Bureau of Labor Statistics . The unemployment rate has likely shot above 10%, economists say, and will get worse before it gets better.

The debate over the ramifications of a months-long shutdown of the American economy in an effort to force people to “socially distance” — and, thus, prevent coronavirus from spreading unchecked — also highlights the chasm between left and right on the American political spectrum.

“Democrats and Democratic-leaning independents are more likely than Republicans and Republican leaners to say that the coronavirus outbreak is a major threat to both their personal health and financial situation,” Bradley Jones, a research […]

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