Answer to Question #265591 in Sociology for TLITLI

Question

The current Covid-19 pandemic highlighted the prevalent inequalities in the South African health system, the stigmatisation of persons who tested positive with the virus, the impact of the pandemic on the family, and the role of the media in societies across the globe.

Discuss the socio-economic experiences of the family and some of the ways that the covid-19 lockdown have affected different households.

Answer 1

First, financial worries are determined by current income, availability to liquidity, and accumulated wealth, with less wealthy families less able to mitigate the adverse effects of the COVID-19 pandemic. Second, depending on household members' employment, sector of activity, and remote working capabilities, financial concerns are related to decreased income expectations (e.g., owing to lockdown measures). Third, financial concerns may represent increased future uncertainty, as some families fear a more significant likelihood of being unemployed or ambiguity regarding the duration of the crisis and the economic effects of more COVID-19 waves. Financial concerns may also represent other household-specific variables ranging from family size to fears about potential tax rises.