Page:American Rescue Plan Fact Sheet - Impacts on Mississippi.pdf/1



''The pandemic and the associated economic crisis have had a severe impact on Mississippi. The need for action is clear:''
 * Since the pandemic began, more than 297,651 people have been infected with COVID-19 and more than 6,808 people have died.
 * The unemployment rate is 6.6%, up from 5.8% before the pandemic.
 * Since February 2020, more than 108,707 fewer people are employed.
 * 255,000 adults – 14% of all adults in the state – report not having enough food to eat. This includes 157,000 adults living with children, or 20% of all adults living with children, who report that the children in their household do not have enough to eat.
 * An estimated 119,000 renters or 22% of renters are not caught up on rent.
 * An estimated 793,000 adults or 39% of all adults statewide report having difficulty covering normal household expenses.

President Biden’s American Rescue Plan will provide Mississippi with:
 * $1.941 billion in state fiscal relief
 * $973 million in local fiscal relief
 * More than $1.656 billion in relief for K-12 schools
 * Economic impact payments of up to $1,400 per person (above the $600 per person provided in December) for more than 1,839,300 adults and 870,900 children. This is 93% of all adults in the state and 96% of all children in the state.
 * Additional relief of up to $1,600 per child through the Child Tax Credit to the families of 677,000 children, lifting 57,000 children out of poverty
 * Additional relief of up to nearly $1,000 through the Earned Income Tax Credit to 177,000 childless workers, including many in frontline jobs
 * Marketplace health insurance premiums that are $1,419 lower per month for a 60-year old couple earning $75,000 per year