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A new report from the United Nations and the World Bank revealed that children across the globe could lose as much as $17 trillion in lifetime earnings due to pandemic-related school closings. Could COVID’s impact on the economy at large trickle down for generations to come?
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A report in April 2020 pinpointed that figure at $2.5 trillion for American children, specifically, which was 12.7% of our annual Gross Domestic Product. However, that number was calculated based on global lost earnings of $10 trillion after just four months of virtual or closed schools….