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



''The pandemic and the associated economic crisis have had a severe impact on South Carolina. The need for action is clear:''
 * Since the pandemic began, more than 525,000 people have been infected with COVID-19 and more than 8,700 people have died.
 * The unemployment rate is 5.6%, up from 2.8% before the pandemic.
 * Since February 2020, more than 75,000 fewer people are employed.
 * 424,000 adults – 12% of all adults in the state – report not having enough food to eat. This includes 187,000 adults living with children, or 15% of all adults living with children, who report that the children in their household do not have enough to eat.
 * An estimated 223,000 renters or 23% of renters are not caught up on rent.
 * An estimated 1.4 million adults or 37% of all adults statewide report having difficulty covering normal household expenses.

President Biden’s American Rescue Plan will provide South Carolina with:
 * $2.6 billion in state fiscal relief
 * $1.6 billion in local fiscal relief
 * More than $2.1 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 3.3 million adults and 1.3 million children. This is 91% of all adults in the state and 92% of all children in the state.
 * Additional relief of up to $1,600 per child through the Child Tax Credit to the families of 1 million children, lifting 68,000 children out of poverty
 * Additional relief of up to nearly $1,000 through the Earned Income Tax Credit to 317,000 childless workers, including many in frontline jobs
 * Marketplace health insurance premiums that are $1,491 lower per month for a 60-year old couple earning $75,000 per year