About four-in-ten lower-income, Black and Hispanic adults have used money from savings or retirement accounts since outbreak began

Home Research Topics Economy & Work Income, Wealth & Poverty Economic Inequality

September 23, 2020

Economic Fallout From COVID-19 Continues To Hit Lower-Income Americans the Hardest

About four-in-ten lower-income, Black and Hispanic adults have used money from savings or retirement accounts since outbreak began

Download

About four-in-ten lower-income, Black and Hispanic adults have used money from savings or retirement accounts since outbreak began

Attachment Info

Economic Fallout From COVID-19 Continues To Hit Lower-Income Americans the Hardest
Financial pain points during coronavirus outbreak differ widely by race, ethnicity and income
Financial hardship much more pronounced among those who’ve lost a job or wages
Roughly four-in-ten adults say they or someone in their household lost a job or wages because of COVID-19
Younger adults laid off because of the outbreak are more likely to be in a new job than their older counterparts
Most workers who lost wages due to COVID-19 are still earning less
Lower-income adults hit hardest in being able to save less since the coronavirus outbreak began
Problems paying bills, rent or mortgage have impacted adults with lower incomes more than others since February
ST_20.09.24_COVID personal finances_News Well

1615 L St. NW, Suite 800
Washington, DC 20036
USA
(+1) 202-419-4300 | Main
(+1) 202-857-8562 | Fax
(+1) 202-419-4372 | Media Inquiries

Research Topics

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.

About

Terms & Conditions

Cookie Settings

Reprints, Permissions & Use Policy

Feedback

Careers