ST. LOUIS — A Federal Reserve survey co-authored by the St. Louis Fed shows that many months into the pandemic, multiple aspects of life — from employment and education to public health — are deteriorating in low- to moderate-income (LMI) communities.
The national pulse survey, Perspectives from Main Street, was fielded in October with a mix of government agencies, nonprofits, financial institutions and community organizations. The Fed has regularly surveyed these organizations about COVID-19 since April 2020.
Of 1,127 total respondents in October, 139 were from the St. Louis Fed’s Eighth District, an area comprising all of Arkansas and parts of Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee.
Here is what Eighth District organizations said:
“Continuing to listen to front-line organizations working to support local communities is critical to shaping effective policies and programs. This pulse survey helps amplify their voices as we try to understand the ongoing impact of COVID-19 on vulnerable populations, businesses and community-based organizations,” said Daniel Paul Davis, a report co-author and the St. Louis Fed’s community affairs officer.
About Community Development: The St. Louis Fed seeks to promote the economic resilience and mobility of individuals and communities, including LMI and underserved households. Increasing economic opportunity is good for individuals and communities and vital to the overall economy.