5 stats show financial devastation of coronavirus for average Americans - Business Insider

Millions of people have lost their jobs and their employer-sponsored health insurance due to the pandemic.

Outlined below are five economic statistics that illustrate the financial devastation due to the pandemic among ordinary Americans.A staggering amount of people sought unemployment benefits since the start of the outbreak — around 39 million. Democrats and Republicans are deeply divided on whether those benefits should be extended. Many in the GOP argue it disincentivizes work, while Democrats say the extra benefits are critical in keeping households afloat during the pandemic.More Americans are having trouble paying rent, with one-in-five missing making their payments on time.Nearly 20% of renters missed making their monthly payment on time for May, according to statistics from the National Multifamily Housing Council.

Yet the stock market continues to act like nothing happened

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