Nearly Two-Thirds Of U.S. Households Struck By COVID-19 Face Financial Trouble
4 years, 3 months ago

Nearly Two-Thirds Of U.S. Households Struck By COVID-19 Face Financial Trouble

NPR  

Nearly Two-Thirds Of U.S. Households Struck By COVID-19 Face Financial Trouble Enlarge this image toggle caption John Moore/Getty Images John Moore/Getty Images COVID-19 has caused widespread damage to the economy — so wide that it can be easy to overlook how unevenly households are suffering. Sponsor Message "We had to be quarantined for a while, and me and my husband didn't get paid for it," says Elizabeth, who didn't want to give her last name because she needs to get back to work and worries about her job prospects. Chan School of Public Health, surveyed around 3,500 respondents nationwide in July and early August and found that nearly half of American households faced lost jobs or pay cuts during the pandemic. But for households like Elizabeth's that have had a member fall ill with COVID-19, the share that have lost work jumps to nearly two-thirds — 64%.

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History of this topic

72% of disabled households plunged into debt by cost-of-living crisis – poll
2 years, 4 months ago

72% of disabled households plunged into debt by cost-of-living crisis – poll

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Keith Butler, whose 21-year-old son Geordie is deafblind, autistic and has CHARGE syndrome, said …

Households’ financial wellbeing ‘deteriorates at fastest pace since early 2020’
2 years, 11 months ago

Households’ financial wellbeing ‘deteriorates at fastest pace since early 2020’

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

AP-NORC poll: Many in US still face COVID-19 financial loss
3 years, 10 months ago

AP-NORC poll: Many in US still face COVID-19 financial loss

Associated Press  

CHARLOTTE, N.C. — Roughly 4 in 10 Americans say they’re still feeling the financial impact of the loss of a job or income within their household as the economic recovery remains uneven one year into the coronavirus pandemic. The poll shows that about half of Americans say they have experienced at least one form of household income loss during the …

The pandemic leaves 27% of British adults struggling financially
3 years, 10 months ago

The pandemic leaves 27% of British adults struggling financially

CNN  

London CNN Business — The pandemic has left more than a quarter of British adults financially vulnerable, with too much debt or not enough savings to cope with a “negative life event” such as redundancy, loss of hours, or ill health. The survey also found that nearly 40% of British adults suffered financially as a consequence of the pandemic, with …

Coronavirus: One in 25 families struggling with period poverty as result of Covid-19
4 years, 3 months ago

Coronavirus: One in 25 families struggling with period poverty as result of Covid-19

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thousands of teenagers are experiencing period poverty – either struggling …

Getting COVID-19 Is Putting Americans On The Brink Of Economic Crisis
4 years, 3 months ago

Getting COVID-19 Is Putting Americans On The Brink Of Economic Crisis

Huff Post  

LOADING ERROR LOADING Contracting COVID-19 is putting already financially stressed Americans on the brink of economic disaster. Of the Americans who’ve contracted COVID-19, 63% are facing serious financial problems, according to a survey released Wednesday morning from NPR, the Robert Wood Johnson Foundation and Harvard University’s T.H. Instead they found widespread, serious financial distress ― particularly among Americans earning less …

NPR Poll: Financial Pain From Coronavirus Pandemic 'Much, Much Worse' Than Expected
4 years, 4 months ago

NPR Poll: Financial Pain From Coronavirus Pandemic 'Much, Much Worse' Than Expected

NPR  

NPR Poll: Financial Pain From Coronavirus Pandemic 'Much, Much Worse' Than Expected In America's four largest cities, at least half of people say they have experienced the loss of a job or a reduction in wages or work hours in their household since the start of the coronavirus outbreak. But the other three cities in our survey have had high …

How to Support Loved Ones Plagued By Financial Burdens During the Covid-19 Pandemic
4 years, 4 months ago

How to Support Loved Ones Plagued By Financial Burdens During the Covid-19 Pandemic

News 18  

The COVID-19 pandemic and associated lockdowns have derailed the lives of a large part of the population. This is inevitably causing financial and psychological distress; mental health issues like depression, self-harm and suicidal thoughts are emerging in many. “Those who are psychologically distressed or broken require your support above everything else,” says Dr Samir Parikh, the director of the Department …

Coronavirus has made financial abuse more common, experts say. Here's what to do about it
4 years, 4 months ago

Coronavirus has made financial abuse more common, experts say. Here's what to do about it

ABC  

For the five years Rosie* and her ex were together, she had no control over the family finances. "Economic abuse is really pervasive where family violence is present," said Alison Macdonald, the CEO Of Domestic Violence Victoria. Where to get help: WIRE Women: http://www.wire.org.au/ 1800 RESPECT: https://www.1800respect.org.au/ Family Relationship Advice Line: https://www.familyrelationships.gov.au/talk-someone/advice-line Department of Human Services: https://www.humanservices.gov.au/individuals/subjects/family-and-domestic-violence National Debt Helpline: …

Coronavirus: Number of families hit by benefit cap doubles in three months during pandemic
4 years, 5 months ago

Coronavirus: Number of families hit by benefit cap doubles in three months during pandemic

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Despite ongoing assurances that the benefit cap grace period would protect people newly claiming, we …

Those most likely to lose their jobs in Covid-19 crisis also have little to no savings
4 years, 6 months ago

Those most likely to lose their jobs in Covid-19 crisis also have little to no savings

NL Times  

The people who are most likely to lose their jobs during the coronavirus crisis also often have little to no other income or savings to fall back on, central planning office CPB warned in a study into the most vulnerable groups on the labor market during this crisis. According to the CPB, those most likely to lose their jobs are …

About Half Of U.S. Homes Lost Wages During Pandemic, Census Bureau Finds
4 years, 7 months ago

About Half Of U.S. Homes Lost Wages During Pandemic, Census Bureau Finds

NPR  

About Half Of U.S. Homes Lost Wages During Pandemic, Census Bureau Finds Enlarge this image toggle caption Stephanie Keith/Getty Images Stephanie Keith/Getty Images Updated at 3:49 p.m. ET The coronavirus pandemic has taken a hit in the paychecks of close to half of U.S. households, the Census Bureau says. Sponsor Message "When we saw those numbers, we were very surprised," …

Low-income workers are bearing brunt of coronavirus job losses
4 years, 7 months ago

Low-income workers are bearing brunt of coronavirus job losses

Al Jazeera  

Nearly 40 percent of US adults working in February with a household income below $40,000 reported a job loss in March. The Fed’s Report on the Economic Well-Being of US Households found that financial conditions changed dramatically for American workers who either lost their jobs or had their hours reduced in March or the beginning of April as coronavirus lockdowns …

Coronavirus turns UK into a nation of savers
4 years, 7 months ago

Coronavirus turns UK into a nation of savers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. And the specific triggers have been surprisingly abstract, says …

10 ways to plan your finances right during the coronavirus crisis
4 years, 8 months ago

10 ways to plan your finances right during the coronavirus crisis

Business Standard  

The coronavirus pandemic continues to wreak havoc across sectors globally. Because of the stock market correction, your risk apetite may have reduced and hence allocation to equities would have fallen below its pre-set level. Buy adequate life cover: If you have begun earning, consider buying term insurance right away — in anticipation of the fact that you will have dependants …

COVID-19 lockdowns have cost 1.6 million Australians their incomes, ABS survey shows
4 years, 8 months ago

COVID-19 lockdowns have cost 1.6 million Australians their incomes, ABS survey shows

ABC  

Around 8 per cent of adult Australians, or more than 1.6 million people, appear to have lost their incomes in the first week of the total COVID-19 lockdown, according to early official estimates. Key points: The survey is based on the first week of the current tough coronavirus restrictions Official unemployment figures released last week which showed little change were …

COVID-19 pandemic worse than 2008-09 financial crisis: IMF
4 years, 8 months ago

COVID-19 pandemic worse than 2008-09 financial crisis: IMF

The Hindu  

The contraction in the global economy is much worse than the 2008-09 financial crisis, a top IMF official said on April 15, urging the governments to take swift concerted action with fiscal tools taking a prime role to contain the COVID-19 spread and limit the damage to livelihoods. As such, there is no doubt that the government needs to take …

Here's how governments have agreed to help households pay bills during the coronavirus lockdown
4 years, 8 months ago

Here's how governments have agreed to help households pay bills during the coronavirus lockdown

ABC  

Some household bills and fees could be delayed or waived for people facing financial hardship during the COVID-19 crisis after state and territory leaders reached an agreement on consistent rules to protect struggling households. Key points: State and territory leaders have agreed on consistent rules for people experiencing financial hardship during the coronavirus pandemic Essential services, such as energy and …

Young adults, women and low earners most financially exposed to coronavirus
4 years, 9 months ago

Young adults, women and low earners most financially exposed to coronavirus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. While the huge and rapid emergency measures introduced by …

AP-NORC poll: About half of workers lose income due to virus
4 years, 9 months ago

AP-NORC poll: About half of workers lose income due to virus

Associated Press  

WASHINGTON — About half of all working Americans report some kind of income loss affecting themselves or a member of their household due to the coronavirus pandemic, with low-income Americans and those without college degrees especially likely to have lost a job, according to a new poll from The Associated Press-NORC Center for Public Affairs Research. “It’s terrible and it’s …

Half of Homeowners Expect Housing Prices to Fall; Self-Employed Fear Mortgage Defaults
4 years, 9 months ago

Half of Homeowners Expect Housing Prices to Fall; Self-Employed Fear Mortgage Defaults

NL Times  

Approximately half of all homeowners in the Netherlands believe the value of Dutch real estate is set to decrease as a result of the ongoing coronavirus outbreak, a new survey by the consumer protection group Vereniging Eigen Huis reveals. The results shed light on consumer sentiment toward the real estate market in the Netherlands, as well as toward the broader …

Poll: Nearly 1 In 5 Households Has Lost Work Because Of Pandemic
4 years, 9 months ago

Poll: Nearly 1 In 5 Households Has Lost Work Because Of Pandemic

NPR  

Poll: Nearly 1 In 5 Households Has Lost Work Because Of Pandemic Enlarge this image toggle caption Spencer Platt/Getty Images Spencer Platt/Getty Images The coronavirus pandemic has already started to hit American pocketbooks, with nearly 1 in 5 households experiencing a layoff or a reduction in work hours, according to a new NPR/PBS NewsHour/Marist poll. As people stay home, avoid …

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