Americans feel the Delta variant pinch on their wallets

The Delta variant is slowly making its way through the American economy and a lot of workers have already started feeling its presence in their income. This week's Lost Pay/Income Tracker report by the Morning Consult brought to light some concerning figures.

The report shows the increasing financial strain on workers, as of the week ending September 11th, the income/pay loss has increased to 13% which is more than the pandemic numbers of 11.4%. Those affected the most include workers in the hospitality and service industries since these businesses require face-to-face interactions, they are more likely to come under the list of government restrictions. This is in contradiction to the news last week which reported heavy demand for service sector workers especially, now along with the already existing workers pool, the newly hired employees also face the strain. Federal unemployment benefits ending does not help the situation, especially since now gig employees who were previously eligible for benefits will not be considered anymore. 

Having said that, experts believe that we need to get ahead of the curve this time, and the best way to do it is to seek help. Listed below are some certified tips by Winnie Sun, Managing Director of Sun Group Wealth Partners:

Source: CNBC