More older Americans and Republicans say their finances are safe from coronavirus

More older Americans and Republicans say their finances are safe from coronavirus
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Jobless claims soared again in early April as coronavirus layoffs swell to nearly 17 million. Jobless claims soared again in early April as coronavirus layoffs swell to 16.8 million, according to the latest data released last week 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 associate […]

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