ABC News – For many Americans, the pandemic-induced financial crisis has brought an onslaught of economic pain not seen since the Great Depression.

The U.S. economy, as measured by real GDP, contracted at a record-shattering 32.9% pace last quarter. Roughly 1 in 10 workers can’t find a job, and approximately 1 in 5 Americans who rent their homes are at risk of eviction by the end of September.

Trump repeatedly has pointed to rising equity markets to validate his administration’s handling of the economy, but many experts say that’s misleading — and that not enough Americans truly are benefitting.

Learn why a prospering stock market is no where near the same as a prospering economy at ABC News.

World on the Run | Jo Lee Magazine




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