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Even before the COVID-19 pandemic, 1 in 7 children were classified as being in poverty.
https://www.pgpf.org/blog/2021/04/what-are-the-economic-costs-of-child-poverty
The outbreak of COVID-19 has been both a public health and an economic crisis. In particular, the closure of many businesses has resulted in an unprecedented surge in unemployment claims in the United States.
Generally, states with larger populations have been receiving more federal dollars from COVID-19 relief programs as such states typically have more unemployed persons, small businesses, and healthcare providers to which that relief has been targeted.
https://www.pgpf.org/blog/2021/04/why-do-states-receive-different-amounts-of-federal-covid-aid
Here’s an overview of inflation, why it matters, and how it’s managed.
https://www.pgpf.org/budget-basics/what-is-inflation-and-why-does-it-matter
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2020, charted out monthly and on a year-over-year basis.
Debt levels have risen in many sectors of the economy.
Today's young adults are more likely to have student debt than their historical peers.
https://www.pgpf.org/chart-archive/0223_millennial_student_debt
The U.S. national saving rate has declined significantly since the mid-1960s.
Despite recent declines, U.S. household debt is still very high relative to disposable income.