Coronavirus Economic Impacts
Follow the latest Coronavirus Economic Impacts news, videos, and analysis from ABC News.
February 10, 2024 at 4:44 PM

Wealth disparities by race grew during the pandemic, despite income gains, report shows

Existing trends of wealth inequality became entrenched, new data show.
February 10, 2024 at 4:44 PM
3 months ago

By The Numbers: Wealth inequality in pandemic

A look at the numbers behind who got rich and who struggled during the pandemic
3 months ago
By The Numbers: Wealth inequality in pandemic
3 months ago

By the Numbers: Pandemic school struggles

A look at the numbers behind the impact the coronavirus pandemic had on schools.
3 months ago
By the Numbers: Pandemic school struggles
7 months ago

Families lose Medicaid coverage as pandemic protections end

ABC News’ Rachel Scott reports on the millions who have lost Medicaid coverage since pandemic protections expired on “This Week.”
7 months ago
Families lose Medicaid coverage as pandemic protections end
8 months ago

Through the Cracks: Families lose Medicaid coverage as pandemic protections end

ABC News’ Rachel Scott reports on some families mistakenly caught in the middle as states purge their rolls of Medicaid recipients following the end of the pandemic health emergency.
8 months ago
Through the Cracks: Families lose Medicaid coverage as pandemic protections end
8 months ago

$200B of COVID relief funds were wasted, government watchdog claims

At least 17% of all money related to the U.S. government’s Coronavirus Economic Disaster Loans and PPP were disbursed to fraudsters, the Small Business Administration claims.
8 months ago
$200B of COVID relief funds were wasted, government watchdog claims
8 months ago

More than $200 billion in pandemic relief potentially squandered, says government watchdog report

The government squandered more than $200 billion in potential fraud its rush to prop up small businesses during the COVID-19 pandemic, says a government watchdog report.
8 months ago
More than $200 billion in pandemic relief potentially squandered, says report
9 months ago

Hundreds of thousands may lose health coverage

Pandemic era benefits vanishing with the end of the public health emergency.
9 months ago
Hundreds of thousands may lose health coverage
1 year ago

Through the Cracks: COVID-19 fraud victims still struggling to clear their names

ABC News’ Rachel Scott reports on efforts to crack down on COVID-19 funding fraud, which watchdogs estimate could exceed $100 billion, and the challenges victims have faced.
1 year ago
Through the Cracks: COVID-19 fraud victims still struggling to clear their names
1 year ago

Nearly 30 million Americans at risk as expanded SNAP benefits set to expire

ABC News business reporter Alexis Christoforous reports on an end to a pandemic-era program that boosted food stamp benefits for millions of Americans.
1 year ago
Nearly 30 million Americans at risk as expanded SNAP benefits set to expire
1 year ago

SNAP benefits to end for millions

Nearly 30 million Americans will lose help from the federal government to buy groceries when the extra pandemic SNAP food benefits end on March 1.
1 year ago
SNAP benefits to end for millions
1 year ago

Millions brace for an end to SNAP benefits

After nearly 3 years, the federal government is ending pandemic-era payments to low-income families on the Supplemental Nutrition Assistance Program.
1 year ago
Millions brace for an end to SNAP benefits
1 year ago

Pandemic era food benefits set to expire by March 1st

The federal government set to end pandemic-era payments, and nearly 30 million Americans across the country will have to experience a significant cut in their monthly food stamp benefits.
1 year ago
Pandemic era food benefits set to expire by March 1st
1 year ago

US unemployment rate skyrockets to 14.7%, the worst since the Great Depression

The COVID-19 pandemic has forced many businesses across the country to shutter.
1 year ago
US unemployment rate skyrockets to 14.7%, the worst since the Great Depression
1 year ago

Senators close in on $10 billion COVID relief deal

Top Senate negotiators have said they are close to striking a deal to approve $10 billion in additional COVID relief funding as Democrats grumble over the compromise.
1 year ago
Senators close in on $10 billion COVID relief deal
1 year ago

New warning on work-from-home scam

ABC News' Rebecca Jarvis reports on a scam that promises work-from-home opportunities, which one woman said cost her nearly $5,000.
1 year ago
New warning on work-from-home scam
1 year ago

How school districts and states are trying to attract teachers during the pandemic

The stress of the pandemic is likely to only exacerbate challenges in recruiting teachers.
1 year ago
How schools are trying to attract teachers during the pandemic
1 year ago

Pandemic pivot pays off

A New Jersey couple turns their pandemic cookie business into a bakery after success online.
1 year ago
Pandemic pivot pays off
1 year ago

48 charged with scheme to steal $250M from pandemic food program

U.S. authorities charged 48 people in Minnesota with conspiracy and other counts in what they said Tuesday was the largest pandemic-related fraud scheme yet.
1 year ago
48 charged with scheme to steal $250M from pandemic food program
1 year ago

By the Numbers: Pandemic learning loss

A look at the numbers behind how American school children fell further behind during the pandemic shutdown.
1 year ago
By the Numbers: Pandemic learning loss
2 years ago

How restaurants plan to reopen amid the coronavirus pandemic

As restaurants begin to reopen across the country, owners and managers are faced with new challenges to keep staff and customers safe.
2 years ago
How restaurants plan to reopen amid the coronavirus pandemic
2 years ago

Pandemic having lasting impact on the US economy

The Labor Department reports 203,000 Americans filed jobless claims last week, up about 1,000 from the week before.
2 years ago
Pandemic having lasting impact on the US economy
2 years ago

By the Numbers: Pandemic Housing

A look at skyrocketing housing prices during the pandemic
2 years ago
By the Numbers: Pandemic Housing
2 years ago

Amazon ends paid COVID leave

Workers for the tech giant will be allowed to use sick time or take unpaid leave if they test positive for COVID-19.
2 years ago
Amazon ends paid COVID leave
2 years ago

How the pandemic changed career paths for women

Annelizabeth Konkel, an economist at Indeed Hiring Lab, talks about the effects the pandemic has had on women of color and the financial impact on women amid the fight for equal pay.
2 years ago
How the pandemic changed career paths for women
2 years ago

How pandemic funding fraud cost US millions

ABC News’ Kayna Whitworth speaks to author and ProPublica’s Reporter J. David McSwane about his book “Pandemic Inc.: Chasing the Capitalists and Thieves Who Got Rich While We Got Sick.”
2 years ago
How pandemic funding fraud cost US millions
2 years ago

Over 50% of independent restaurants, bars without federal grants fear permanent closure within 6 months

As a Senate vote looms for Restaurant Revitalization Funds, the Independent Restaurant Coalition unveiled a new report on the fate of the industry.
2 years ago
Over 50% of independent bars, restaurants anticipate permanent closure
2 years ago

Women lost jobs at a higher rate in the pandemic. Many still haven't returned.

President Joe Biden declared "America is back to work." But most of the nation’s 6.6 million jobs gained since Biden took office have gone to men.
2 years ago
Women lost jobs at a higher rate in the pandemic. Many still haven't returned.
2 years ago

Economic impact of pandemic hit women hardest

The Department of Labor reports that not only did more women leave the workforce since the pandemic began, but fewer have returned.
2 years ago
Economic impact of pandemic hit women hardest
2 years ago

White House says 1st cuts to COVID efforts will hit Americans next week as funding stalls in Congress

The White House detailed which programs are at-risk of cuts in a letter to Congress on Tuesday.
2 years ago
1st cuts to COVID efforts will hit Americans next week as funding stalls: WH
2 years ago

Pandemic's impact on recent college graduates

ABC News’ Em Nguyen delves into challenges recent graduates face as their formative years have been disrupted by the COVID-19 pandemic.
2 years ago
Pandemic's impact on recent college graduates
2 years ago

By the Numbers: How states are spending billions in pandemic relief

A look at how states and localities are spending the combined $350 billion allocated to them in the American Rescue Plan.
2 years ago
By the Numbers: How states are spending billions in pandemic relief
2 years ago

Inflation rate climbs to 7.5% in 40-year high

Mary Bruce reports from the White House with the latest on rising inflation numbers and the political implications that come with it.
2 years ago
Inflation rate climbs to 7.5% in 40-year high
2 years ago

California considering bill to create trust funds for COVID-19 orphans

A bill in the California state house is looking to give foster kids who lost a parent to COVID-19 some financial help.
2 years ago
Bill would establish trust funds for kids who lost parents to COVID-19
2 years ago

New York City considers making pandemic sidewalk dining rules permanent

The sights of dining tables sprawled out on an open city street may become a permanent fixture in the Big Apple.
2 years ago
City considers making pandemic sidewalk dining rules permanent
2 years ago

Amsterdam's sex workers face financial stress as the pandemic continues

Although business was slow in October compared to years past, some sex workers at the time seemed optimistic about the end of the pandemic.
2 years ago
Amsterdam's sex workers face financial stress as the pandemic continues
2 years ago

By the Numbers: Car prices continue to soar

Car buyers will likely face serious sticker shock, with 87% now paying above the manufacturer’s list price.
2 years ago
By the Numbers: Car prices continue to soar
2 years ago

Millions across the country are resigning from their jobs to follow passions

Nearly 4.5 million Americans left their jobs in the month of Nov. 2021. According to the U.S. Census Bureau, there has been a record-breaking surge in entrepreneurs starting their own businesses.
2 years ago
Millions across the country are resigning from their jobs to follow passions
2 years ago

Kraft Heinz announces price hike for popular items

Kraft Heinz said it’s raising the prices on some groceries items this spring, including Velveeta cheese, hot dogs and cold cuts.
2 years ago
Kraft Heinz announces price hike for popular items
2 years ago

Major food brand warns of more price hikes for household staples

Kraft Heinz alerted customers that it will raise prices in March on dozens of popular products, including Velveeta cheese, hot dogs and cold cuts.
2 years ago
Major food brand warns of more price hikes for household staples
2 years ago

Wealth of 10 richest men doubled in pandemic as 99% of incomes dropped: Oxfam

The ten richest men in the world have doubled their fortunes during the COVID-19 pandemic, a report published Monday by the advocacy group Oxfam said.
2 years ago
Wealth of 10 richest men doubled in pandemic as 99% of incomes dropped
2 years ago

Omicron's impact on restaurant industry shows dire need for restaurant relief grants

A new report from The Independent Restaurant Coalition showed bankruptcies, evictions and closures of restaurants and bars after 22 months without federal relief grants.
2 years ago
Omicron's impact on restaurant industry shows dire need for restaurant relief grants
2 years ago

Maryland prosecutor Marilyn Mosby indicted for allegedly lying on loan application spent on vacation home

Mosby made $250,000, but claimed she was facing COVID financial hardships.
2 years ago
Top prosecutor indicted for allegedly lying about COVID financial hardships
2 years ago

Price spikes hit 40-year high

A combination of pandemic-induced supply chain disruptions and consumer demand have created surging prices across the country, with inflation up 7% over the last 12 months.
2 years ago
Price spikes hit 40-year high
2 years ago

Inflation hits a 40-year high

Food, meat, poultry, fish and eggs are up 12.5% from a year ago and rent is up almost 4%. Experts say supply chain problems and high demand are fueling the surge in inflation.
2 years ago
Inflation hits a 40-year high
2 years ago

New numbers on price hikes expected

ABC News' Rebecca Jarvis highlights what to expect as inflation continues across the nation, including where you might see the biggest price hikes at home.
2 years ago
New numbers on price hikes expected
2 years ago

China locks down ahead of Winter Olympics

ABC News’ Maggie Rulli reports on China’s strict COVID-19 lockdowns and “zero COVID” policy that are forcing millions to shelter at home as the Beijing Winter Olympics draw near.
2 years ago
China locks down ahead of Winter Olympics
2 years ago

Record number of Americans quit jobs in November

Some 4.5 million Americans quit their jobs in November despite the Labor Department also reporting 10.6 million job openings that month.
2 years ago
Record number of Americans quit jobs in November
2 years ago

Record number of Americans quit in November

Rebecca Jarvis reports on the turnover in multiple industries after an unprecedented 4.5 million Americans quit their jobs in November 2021.
2 years ago
Record number of Americans quit in November
2 years ago

'If we close down our city, it's as dangerous as COVID': NYC Mayor Adams

George Stephanopoulos interviews New York City Mayor Eric Adams on "This Week."
2 years ago
'If we close down our city, it's as dangerous as COVID': NYC Mayor Adams