Consumers Cope With Loss Of Income As COVID-19 Closes Businesses 

By  |  April 10, 2020
 | 
Consumers Cope With Loss Of Income Amid COVID-19

The coronavirus pandemic has triggered a wave of unprecedented business closures and has put millions out of work. Many consumers who live paycheck to paycheck are encountering hard choices now that the pandemic has halted their cash flow. Some anticipate that they will need to start pulling from their savings, if they have any available. All this, Today in Data.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Data:

    2,118: Number of consumers PYMNTS surveyed to learn more about how COVID-19 has disrupted their personal finances.

    134: Number of days U.S. consumers expect the pandemic to last.

    59.2%: Share of U.S. consumers living paycheck to paycheck.

    48.8%: Portion of U.S. workers worried about losing their jobs.

    Advertisement: Scroll to Continue

    45.5%: Share of newly unemployed consumers with $2,500 or less in savings.


    Recommended

    cryptocurrency-bitcoin-wedding-prenup

    Love, Honor and Ledger: Why Couples Are Marrying With Crypto Prenups

    Bessent Says Crypto Firms Are Sabotaging Best Chance for Rules

    Figure, blockchain

    Figure Tests Future of Trading With Blockchain Stock Launch

    AI, pharmaceuticals, drug discovery

    Pharma Rewires Drug Development With AI Operations

    See More In: , , , , , , , , , , ,