COVID-19 and the Economy: U.S. Resident Experiences in the Late Stage of the COVID-19 Pandemic

Key Points

  • Households at all income levels experienced a degree of financial hardship during the pandemic.
  • Households in which someone worked two or more jobs at once in order to make ends meet at some point in the past five years reported financial hardships more frequently than households at or below the national median income, even if their household income is relatively high.
  • When asked to consider policies that shut down public life in the first months of the pandemic, the majority of respondents across incomes agreed that such policies protected the health of the public, slowed the spread of COVID‐19, and were necessary at the start of the pandemic.
  • Although such policies seem unlikely to return, 54.8% of respondents in households earning less than median income agreed that policies to shut down maybe necessary in the future, should a dangerous new variant emerge.

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