More

    Impact of Lost Earnings due to COVID-19 to last for Generations says New Report

    ChildrenImpact of Lost Earnings due to COVID-19 to last...
    - Advertisment -

    Impact of Lost Earnings due to COVID-19 to last for Generations says New Report

    Although households with three or more children were the most likely to experience a loss of income, they were also most likely to receive government assistance, with 25 per cent accessing this support, compared to 10 per cent of households with no children.

    At least two-thirds of households with children have lost income since the COVID-19 pandemic hit two years ago, according to a joint report published by UNICEF and World Bank.

    The report, Impact of COVID-19 on the Welfare of Households with Children, presents findings from data collected in 35 countries, and notes that households with three or more children were most likely to have come up short, with more than three-quarters experiencing a reduction in earnings.

    Going without food

    “Families cannot afford food or essential healthcare services. They cannot afford housing. It is a dire picture, and the poorest households are being pushed even deeper in poverty,” said Sanjay Wijesekera, UNICEF Director of Programme Group.

    - Advertisement -

    The report says that the lost earnings have left adults in a quarter of all households, in the position where children are going a day or more, without food.

    Moreover, adults in nearly half of households with children, reported that they themselves were skipping a meal due to a lack of money.

    Around a quarter of adults in households with or without children, reported finding themselves out of work, during the course of the pandemic so far, the report says.

    “The modest progress made in reducing child poverty in recent years risks being reversed in all parts of the world. Families have experienced loss at a staggering scale. While last year, inflation reached its highest level in years, more than two thirds of households with children brought in less money”, Wijesekera added.

    Preventing a lost decade

    According to recent data, the economic crisis generated by COVID-19 threatens to hit children and families the hardest.

    The number of children living in multidimensional poverty – without access to education, health, housing, nutrition, sanitation or water – soared to approximately 1.2 billion in 2020, while an estimated additional 100 million children were projected to have fallen into multidimensional poverty in 2021.

    Basic deprivation

    As explained in the report, with children in 40 per cent of households not engaging in any form of educational activities while their schools were closed, children were being deprived of the basics.

    “The disruptions to education and healthcare for children, coupled with catastrophic out-of-pocket health expenses which affect more than one billion people, could put the brakes on the development of human capital – the levels of education, health and well-being people need to become productive members of society,” said Carolina Sánchez-Páramo, Global Director of Poverty and Equity for the World Bank.

    Generations of inequality

    The report also notes that prior to COVID-19, one in six children worldwide – or 356 million – experienced extreme poverty, where household members struggled to survive on less than $1.90 a day.

    More than 40 per cent of children lived in moderate poverty. And nearly one billion children lived in multidimensional poverty in developing countries, a figure that has since increased by 10 per cent as a result of the pandemic.

    Speaking on the lack of development of human capital, Sánchez-Páramo added that the current situation “could lock in increases in inequality for generations to come, making it less likely that children will do better than their parents or grandparents.”

    More social protection

    Although households with three or more children were the most likely to experience a loss of income, they were also most likely to receive government assistance, with 25 per cent accessing this support, compared to 10 per cent of households with no children, the report advanced.

    Furthermore, this helped to mitigate the adverse impact of the crisis on households who received support.

    In their joint call, UNICEF and the World Bank, are urging a rapid expansion of social protection systems for children and their families.

    Support should include the delivery of cash transfers and the universalization of child benefits, seen as critical investments that can help lift families out of economic distress and help them prepare for future shocks.

    According to the World Bank, since the start of the pandemic, more than 200 countries or territories have introduced thousands of social protection measures, and the Organization has supported countries with approximately $12.5 billion to implement such measures, reaching nearly one billion individuals worldwide.

     

    Image: UNICEF

    - Advertisement -

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest news

    Video Competition for Youth to Celebrate Shared Heritage Through Digital Creativity

    As South Asia grapples with climate vulnerabilities, economic disparities, and historical animosities, initiatives like COVA’s video competition offer a beacon of hope.

    RTI Act at 22: Applications Rise but Rejections, Backlogs and ECI Denials Raise Questions on Implementation

    As the Act enters its third decade, bridging the gap between statistics and real transparency remains the central challenge.

    Measles Resurgence in Maldives: From Eradication Triumph to Public Health Alert

    After years of eradication, measles has returned to the Maldives with 11 confirmed cases in 2026, sparking urgent vaccination...

    Bangladesh Launches IMF Negotiations for $4 Billion Fresh Loan Amid Economic Reset

    As the delegation arrives in Dhaka, all eyes will be on the specifics of the reform agenda and financing assurances.
    - Advertisement -

    Heatwave-Driven Power Surge Tests India’s Energy Resilience as El Niño Looms for FY27

    India’s electricity sector has witnessed an unprecedented spike in consumption, driven by an intense and prolonged heatwave that gripped much of the country in May 2026.

    Uttarakhand: A Unique Harvest Festival in Tehri Village

    At a unique event held recently in Tehri district, women of Bugala village were honoured as chief guests by their community at the traditional harvest festival known as Ropani.

    Must read

    Video Competition for Youth to Celebrate Shared Heritage Through Digital Creativity

    As South Asia grapples with climate vulnerabilities, economic disparities, and historical animosities, initiatives like COVA’s video competition offer a beacon of hope.

    RTI Act at 22: Applications Rise but Rejections, Backlogs and ECI Denials Raise Questions on Implementation

    As the Act enters its third decade, bridging the gap between statistics and real transparency remains the central challenge.
    - Advertisement -

    More from the sectionRELATED
    Recommended to you