About 20% of U.S. Households Lost Their Entire Savings During the Pandemic

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A new poll from NPR, the Robert Wood Johnson Foundation, and the Harvard School of Public Health has found that 19% of U.S. households reported losing all of their savings during the pandemic.

Some highlights:

According to the poll, despite 67% of respondents reporting that they received financial assistance from the government during the pandemic, 38% of households still reported facing serious financial issues in the past few months.

The poll also found a sharp income divide when it comes to financial problems during the pandemic, as 59% of households making less than $50,000 annually reported facing serious financial problems, compared to just 18% of households making $50,000 or more.

The current state:

Overall, 32% of U.S. households describe their current financial situation as worse than before the pandemic, while 49% say it’s about the same, and 19% say it’s actually gotten better.

One random one:

The poll touched on various topics and here’s a random finding we want to share: 23% of households with children and 22% of households overall reported having serious internet connectivity problems or no internet at all during the pandemic, affecting their child’s schoolwork or parents’ ability to do their jobs.