COVID-19 Pandemic Pinches Finances of America’s Lower- and Middle-Income Families
Nearly one-in-five middle-income families report receiving unemployment benefits in 2020.
Numbers, Facts and Trends Shaping Your World
Nearly one-in-five middle-income families report receiving unemployment benefits in 2020.
Workers who quit a job in 2021 say low pay (63%), no opportunities for advancement (63%) and feeling disrespected at work (57%) were reasons why.
Americans have mixed views on the importance of having a degree. 47% say the cost is worth it only if someone doesn’t have to take out loans.
Roughly one-in-five workers say they are very or somewhat likely to look for a new job in the next six months, but only about a third of these workers think it would be easy to find one.
Earnings overall have held steady through the pandemic in part because lower-wage workers experienced steeper job losses.
The gender wage gap is narrower among younger workers nationally, and the gap varies across geographical areas.
49% of Americans say the availability of affordable housing in their local community is a major problem, up 10 points from early 2018.
The biggest takeaway may be the extent to which the decidedly nonpartisan virus met with an increasingly partisan response.
In the United States, the transience of economic status varies significantly across racial and ethnic groups and by level of education.
About half of U.S. adults who are currently unemployed and are looking for a job are pessimistic about their prospects for future employment.
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