Share to Twitter Share to Linkedin The impact of the COVID-19 pandemic has been felt around the world, but its effects on individuals vary — depending on location, income, employment, race, and other factors. In the United States, the economic ripple effects include historically high unemployment rates , financial instability, and food and housing insecurity . On a global scale , the pandemic has fragmented global trade and supply chains while further exposing health inequities and infrastructure shortfalls. COVID-19 shook what was a fragile financial foundation for many people in the United States: 78% of Americans live paycheck to paycheck , and 69% have less than $1,000 in savings for an emergency. That means small and large unexpected events, from car trouble to medical bills to job loss, can lead to a financial spiral or force workers to borrow against their retirement fund. In short, the effects of the coronavirus have been felt most by the least fortunate among us. While government response to COVID-19 varies by nation, and even by community, some in the business community have stepped up to address its disproportionate effects on marginalized communities. These businesses include several Certified B Corporations, which are companies that have… Read full this story
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Do Businesses Have A Role In Solving Poverty In The Time Of COVID-19? These B Corps Say ‘Yes’ have 294 words, post on www.forbes.com at September 22, 2020. This is cached page on Drudgereport. If you want remove this page, please contact us.