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Agenda - Council - 09/13/2022
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Agenda - Council - 09/13/2022
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3/14/2025 2:38:06 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
09/13/2022
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While many households suffered negative economic outcomes as a result of the COVID- <br />19 pandemic and economic recession, households with low incomes were impacted in <br />disproportionate and exceptional ways. From January 2020 to March 2021, low -wage workers <br />experienced job loss at a rate five times higher than middle -wage workers, and high -wage <br />workers actually experienced an increase in job opportunities.109 Because workers in low-income <br />households were more likely to lose their job or experience reductions in pay, those same <br />households were also more likely to experience economic hardships like trouble paying utility <br />bills, affording rent or mortgage payments, purchasing food, and paying for medical expenses.11° <br />The disproportionate negative impacts the pandemic has had on low-income families extend <br />beyond financial insecurity. For example, low-income families have reported higher levels of <br />social isolation, stress, and other negative mental health outcomes during the pandemic. While <br />over half of all U.S. adults report that their mental health was negatively affected by the <br />pandemic, adults with low incomes reported major negative mental health impacts at a rate <br />nearly twice that of adults with high incomes.111 <br />Summary of Interim Final Rule and Final Rule Structure <br />Summary: The interim final rule provided a non -exhaustive list of enumerated eligible <br />uses to respond to the negative economic impacts of the pandemic through assistance to <br />1°9 R. Chetty, J. Friedman, N. Hendren, M. Stepner, & Team, T. O. I., The Economic Impacts of COVID-19: <br />Evidence from a New Public Database Built Using Private Sector Data (No. w27431; p. w27431) (2020), National <br />Bureau of Economic Research. https://doi.org/10.3386/w27431. <br />11° M. Despard, Michal Grinstein-Weiss, Yung Chun, and Stephen Roll, COVID-19 job and <br />income loss leading to more hunger and financial hardship, Brookings Institute (July 13, 2020), <br />https://www.brookings.edu/blog/upfront/2020/07/13/covid-19 job -and -income -loss -leading -to -more -hunger -and - <br />financial -hardship/. <br />111 N. Panchal, R. Kamal, C. Mufiana, & P. Chidambaram, The Implications of COVID-19 for Mental Health and <br />Substance Use, Kaiser Family Foundation (February 10, 2021), https://www.kff.org/coronavirus-covid-19/issue- <br />brief/the-implications-of-covid-19-for-mental-health-and-substance-use/. <br />77 <br />
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