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The Purchasing Power of Household Incomes: Worker outcomes through August 2023 by income and race
Read the Report : opens reportData-Driven Policies to Support Inclusive Economic Recovery and Equitable Long-Term Growth
The COVID-19 pandemic has caused unprecedented health and economic consequences. Existing structural barriers in the U.S., made worse by the current crisis, have created profound racial inequalities — straining families’ economic mobility and restricting the U.S. economy. As decision-makers continue to develop policies and programs that support households and small businesses facing economic hardship and work toward an equitable recovery, we highlight research from JPMorgan Chase Institute and the work of the JPMorgan Chase PolicyCenter to describe data-driven recovery policies to provide immediate support to those most impacted, as well as longer-term policies to increase the financial health and stability of households and small businesses.
Support continued economic relief to address the immediate impacts of COVID-19 on households, small businesses, and communities.
As policymakers are currently considering the ongoing impact of the pandemic and additional relief measures, including the appropriate level and calibration, they should incorporate the following solutions in the relief package:
Support longer-term household and small business financial health and resilience and ensure an equitable economic recovery.
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