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theintercept The Intercept
2022-11-04 20:14:16

This may sound counterintuitive, but the wealth of the bottom 50 percent of Americans actually doubled during the pandemic. One reason is that inflation doesn’t actually hurt the middle class as much as we tend to think it does. The federal government also provided a ton of financial support to low-income people during the hardest years of the pandemic, but those programs have mostly ended — with devastating consequences. #socialism #anticapitalism #universalbasicincome #caresact #inflation #midterms #journalism #news #fyp

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