Thursday, April 23, 2020

About Half of Lower-Income Americans Report Household Job or Wage Loss Due to COVID-19


Only 23% say they have emergency funds that would last them three months

As the economic toll from the coronavirus outbreak continues to mount, a new Pew Research Center survey finds the impact is falling more heavily on lower-income adults – a group that was feeling significant financial pressure well before the current crisis. Overall, 43% of U.S. adults now say that they or someone in their household has lost a job or taken a cut in pay due to the outbreak, up from 33% in the latter half of March. Among lower-income adults, an even higher share (52%) say they or someone in their household has experienced this type of job upheaval. Read about the survey here