38 millions say they are worse now than before. Among Americans living below the poverty line, the 29% say they have recently had difficulty paying their bills, while only the % saved
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While most Americans have weathered the pandemic financially, around 38 millions say they are worse off now than before the Covid outbreak began – 19 in the country.
According to a survey by Impact Genome and The Associated Press-NORC, the 55% of citizens said that their financial circumstances are almost the same now as a year ago, the 30% reported that their finances have improved, but the 16% say it is worse .
The problem is more pronounced at lower income levels: the 29% living below the federal poverty line say that their personal finances worsen on last year .
Many are also in a hole deepening financial and they say they had trouble paying the bills in the last three months.
The pandemic has wreaked havoc on the economy, , The United States still has 8.4 million fewer jobs than it did in February 2020 , just before the pandemic hit .
In response, the government passed three major aid bills, which included direct financial aid payments to individuals. That has helped alleviate the suffering of some.
The study reveals that the 52% of Americans were able to save for most of the past three months, Meanwhile he 37% reached a breakeven point and the 08% was short on paying bills .
Among Americans living below the poverty line, the 25% say they have recently had difficulty paying their bills, while only the 16% has saved .
The 61 % of people living well above the poverty line say they have been able to save. The federal poverty line for a family of four in 2019, before the pandemic, was $ 25, 80.
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