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U.S. Billionaires’ Wealth Jumped by $931 Billion During Pandemic

HeadlineOct 23, 2020

The Labor Department reports 787,000 U.S. workers filed new unemployment claims last week — the second-lowest total since March but still historically high compared to pre-pandemic levels. This comes as a new report by Americans for Tax Fairness found the collective wealth of billionaires in the U.S. has jumped by $931 billion since mid-March. The report also found 22 million U.S. adults reported not having enough food to eat — and more than half of those adults had children in their households. Nearly 62 million U.S. residents lost work between mid-March and mid-September.

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