Coronavirus financial loss of Americans in one picture: infographics
Nearly half of Americans faced declines in income during the COVID-19 pandemic, which caused a major economic downturn in the United States, second only to the Great Depression.
Company survey Bankrate.com, showed that 49% of US adults felt the negative impact of coronavirus on their income. Most often, the cause of financial losses was layoffs, forced unpaid leave or a reduction in working hours.
Among the respondents who reported a loss of income due to the pandemic, only 17% said they had already returned to normal, 42% expected that they would return to the pre-crisis level over the next six months, 37% believed that it would take more than six months, and 4% suggest that their income will never be fully restored.
The survey was conducted June 18-23 among 3 adult Americans. Its data suggests that Gen Z (ages 753 to 18) have been hit the hardest by the decline in income, followed by Millennials (23-24) and Gen X (39-40). In each of these groups, more than half of the respondents suffered financial losses, although the national average is 55%.
On the subject: The US is rapidly emerging from the economic crisis: why it's too early to rejoice
Most respondents expressed concern that another outbreak of coronavirus would further harm their finances. 92% of those already financially affected by the pandemic suggest that the second wave will exacerbate their problems. Among those for whom COVID-19 did not create financial difficulties, 62% expressed concerns about the economic impact of the second wave of the pandemic on them.
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