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April 21, 2020

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

PSDT_04.21.20_covidfinance_TOPLINE

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About Half of Lower-Income Americans Report Household Job or Wage Loss Due to COVID-19
Financial concerns mainly impact lower-income adults
About one-quarter of workers frequently worry about losing their job
About half of Americans say coronavirus has hurt their personal finances less than those of most other people
About a third of Americans say they won’t be able to pay some of their bills this month
About a third of Americans say they won’t be able to pay some of their bills this month
Upper-income adults without rainy day funds more likely to have access to money in case of emergency
Fewer than half of U.S. adults have emergency funds that would last three months
More than four-in-ten adults say they or someone in their household has lost a job or taken a pay cut due to COVID-19
Growing share of adults report job or wage loss due to COVID-19
Most lower-income adults say they will use stimulus check to pay bills or cover essential expenses
Economic fallout from COVID-19 is hitting lower-income adults harder

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ABOUT PEW RESEARCH CENTER Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Pew Research Center does not take policy positions. It is a subsidiary of The Pew Charitable Trusts.

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