Fewer than half of U.S. adults have emergency funds that would last three months

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April 21, 2020

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

Fewer than half of U.S. adults have emergency funds that would last three months

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Fewer than half of U.S. adults have emergency funds that would last three months

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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
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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