Coronavirus Economic Impacts
Follow the latest Coronavirus Economic Impacts news, videos, and analysis from ABC News.
6 months ago

By The Numbers: Wealth inequality in pandemic

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

By the Numbers: Pandemic school struggles

A look at the numbers behind the impact the coronavirus pandemic had on schools.
7 months ago
VIDEO: By the Numbers: Pandemic school struggles
1 year 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.”
1 year ago
VIDEO: Families lose Medicaid coverage as pandemic protections end
1 year 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.
1 year ago
VIDEO: Through the Cracks: Families lose Medicaid coverage as pandemic protections end
1 year 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.
1 year ago
VIDEO: $200B of COVID relief funds were wasted, government watchdog claims
1 year ago

More than $200 billion in pandemic relief potentially squandered, says 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.
1 year ago
A sign at a motel lobby states "WE ARE CLOSED FOR BUSINESS" during the coronavirus pandemic on May 7, 2020 in Atlantic City, New Jersey.
1 year ago

Hundreds of thousands may lose health coverage

Pandemic era benefits vanishing with the end of the public health emergency.
1 year ago
VIDEO: 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
VIDEO: 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
VIDEO: 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
VIDEO: 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
VIDEO: 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
VIDEO: Pandemic era food benefits set to expire by March 1st
2 years 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.
2 years ago
A person files an application for unemployment benefits on April 16, 2020 , in Arlington, Va.
2 years 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.
2 years ago
Sen. Mitt Romney arrives at the U.S. Capitol in Washington, March 16, 2022.
2 years 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.
2 years ago
VIDEO: New warning on work-from-home scam
2 years ago

How schools are trying to attract teachers during the pandemic

The stress of the pandemic is likely to only exacerbate challenges in recruiting teachers.
2 years ago
Nicole Brown, a second grade teacher, sits at a laptop computer with one of her students during a lesson in Louisville, Ky., Jan. 24, 2022.
2 years ago

Pandemic pivot pays off

A New Jersey couple turns their pandemic cookie business into a bakery after success online.
2 years ago
VIDEO: Pandemic pivot pays off
2 years 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.
2 years ago
VIDEO: 48 charged with scheme to steal $250M from pandemic food program
2 years ago

By the Numbers: Pandemic learning loss

A look at the numbers behind how American school children fell further behind during the pandemic shutdown.
2 years ago
VIDEO: 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
VIDEO: Restaurants reopen with new regulations amid 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
VIDEO: 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
VIDEO: 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
VIDEO: 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
VIDEO: 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
VIDEO: How pandemic funding fraud cost US millions
2 years ago

Over 50% of independent bars, restaurants anticipate permanent closure

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
In this April 1, 2022, file photo, Forlini's, a 79-year-old restaurant located in the Little Italy neighborhood of New York, has a sign on their door announcing they are officially closed.
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
Rachel Shelton with her children.
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
VIDEO: Economic impact of pandemic hit women hardest
2 years ago

1st cuts to COVID efforts will hit Americans next week as funding stalls: WH

The White House detailed which programs are at-risk of cuts in a letter to Congress on Tuesday.
2 years ago
Visitors walk past the US Capitol in Washington, DC, on March 14, 2022.
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
VIDEO: 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
VIDEO: 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
VIDEO: Inflation rate climbs to 7.5% in 40-year high
2 years ago

Bill would establish trust funds for kids who lost parents to COVID-19

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
A foster parent plays with her foster son outside of her home in Columbus, Ohio, on April 28, 2021.
2 years ago

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
People eat dinner in an outdoor sidewalk shed at a restaurant on Bedford Street in Greenwich Village area of New York, Dec. 17, 2021.
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
The empty streets of Amsterdam's Red light district are seen during the first day of the lockdown due to the Coronavirus pandemic, on Dec. 19, 2021.
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
VIDEO: 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
VIDEO:  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
VIDEO: 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
VIDEO: 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

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
Unhoused people live in tents along Los Angeles Street over the 101 Freeway in Downtown Los Angeles, Nov. 13, 2020.
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
A help wanted sign hangs in a restaurant window in New York, Jan. 9, 2022.
2 years ago

Top prosecutor indicted for allegedly lying about COVID financial hardships

Mosby made $250,000, but claimed she was facing COVID financial hardships.
2 years ago
Maryland State Attorney Marilyn Mosby speaks during a news conference announcing the indictment of correctional officers, on Dec. 3, 2019, in Baltimore.
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
VIDEO: 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
VIDEO: 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
VIDEO: 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
VIDEO: 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
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 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
VIDEO: 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
VIDEO: 1-on-1 with NYC Mayor Eric Adams
2 years ago

Even as many stay open, small businesses are feeling omicron's impact

Businesses are coming across staffing issues, higher costs and smaller numbers of customers.
2 years ago
In this May 28, 2021, file photo, a 'Help Wanted' sign is posted beside Coronavirus safety guidelines in front of a restaurant in Los Angeles.