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74% of families with children making less than $100,000 have “experienced serious financial problems” during this crisis

The reason why so many people are clamoring for Congress to get another stimulus bill passed is because an unprecedented number of households are in desperate financial need right now. As you will see below, millions of Americans missed their rent or mortgage payments last month, millions missed their student loan payments, and millions are falling into poverty. The economic downturn that was sparked by the coronavirus pandemic has stretched on far longer than most people originally anticipated, and many Americans are simply running out of money at this point. In fact, one survey that was conducted not too long ago found that 40 percent of all households have “used up all or most of their savings” and 74 percent of families with children that make less than $100,000 a year have “experienced serious financial problems” during this crisis…

Nationwide, food insecurity has become a pervasive problem. The percentage of families with children who reported not having enough to eat more than tripled in July compared with 2019. One report found nearly half of American families lived with hunger in the summer.

Another found more than 40% of surveyed households with children had used up all or most of their savings by early August. Children in households making less than $100,000 have been especially affected: 74% of those families experienced serious financial problems.

Those are deeply alarming numbers.

If “nearly half” of U.S. families are living with hunger now, how bad will things get if the U.S. economy takes another turn for the worse?

One hard working American that has almost reached her breaking point is a 43-year-old veteran and mother of three named Kaneadsha Jones…

By early October, Kaneadsha Jones was close to giving up. It had been seven months since she or her husband had steady work. Seven months since her three school-age children, including a 14-year-old daughter with autism who is blind, nonverbal and immunocompromised, had been to school. Four months since a shooting on her block left her car and her family’s rented house in north Columbus, Ohio, riddled with bullet holes and her 12-year-old daughter struggling with severe post-traumatic stress disorder.