COVID-19's Impact on U.S. Employment, Savings & Spending (2021)
- More than 1 in 5 Americans are currently unemployed.
- Almost 65% of people have had to dip into their emergency fund or savings during the pandemic.
- Nearly 50% of people have spent less during the pandemic.
- 25% of consumers don't know their spending habits.
- 63% of Americans have found ways to save money over the last year.
- Over 50% of people have not been able to invest their money into the stock market.
Distribution of survey respondents
Questions we asked:
1) Are you still employed or did you lose your job during the pandemic?
2) Have you dipped into your savings or emergency fund during the pandemic
3) Did you spend more or less money during the pandemic than normal?
4) Have you been able to save money during the pandemic?
5) Have you been investing during the pandemic (in stocks, real estate, mutual funds or other vehicles)?
6) Do you feel the pandemic has permanently altered your financial habits?
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