The first anniversary of the novel coronavirus! The gap between the rich and the poor in the United States has changed

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On the first anniversary of the new coronavirus’s attack on the United States, the Pew Research Center released a report on Friday, which shows that many Americans’ financial situation has been greatly affected during this period, but the extent of the impact varies greatly according to their income level

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About half of the minors said the epidemic made it harder for them to meet their financial goals

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One of the financial goals is to retire at the right time

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About a quarter of people over the age of 50 said they had delayed, or expected to, their retirement due to the outbreak

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About 40 percent of Americans say they have had a pay cut or been laid off, or that people who live with them have this situation

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For Hispanic and Asian families, most people have experienced this loss of income

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61% of Hispanic families and 58% of Asian families said they had been paid or laid off

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Unemployment is also skewed by income

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Pew found that half of low-income workers lost their jobs, while only a third of high-income workers reported the same

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Pew’s data reflect the two-tier economic situation

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Last year, as travel stopped and restaurants closed, most of the economic activity shifted to the Internet, and millions of low paid jobs disappeared

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At the same time, a large number of professionals in technical, legal or financial fields can work remotely

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Some analysis found that workers with higher incomes are six times more likely to be able to work remotely than those with the lowest incomes

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The reality of this inequality is also reflected in the expenditure data

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Pew found that while low-income Americans are more likely to cut wages, they are less likely to cut spending

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“High income adults are also more likely to save money than middle – or low-income adults, who have been cutting back and saving more since the outbreak,” the report said

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“80% of high-income adults reported spending less during the epidemic, compared with only a third of low-income adults

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There is also a clear class division in the reasons for the cuts

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Nearly 90% of high-income and two-thirds of middle-income people can save money because “their daily activities have been changed by new coronavirus related restrictions”

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Canceled daily commuting, travel plans and restaurant meals translate into lower consumer spending for middle – and high-income Americans

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Among low-income adults, most “cut back on spending because of concerns about their financial situation,” Pew found

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The survey also showed that three out of every 10 respondents were in better financial condition than a year ago, while four out of every 10 respondents from the higher income group said so

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Overall, Pew found that Americans’ financial situation is not as bad as it was last April, when the economy was in a free fall

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Slightly more than half of Americans said their personal financial situation was good or excellent, up 6 percentage points from April

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However, the income of half of the people affected by the novel coronavirus is still lower than that before the epidemic

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