Visual Capitalist October 23, 2020
A Snapshot of U.S. Personal Finances During the Pandemic
If you’ve felt that you’ve needed to penny-pinch more during the pandemic, you’re not alone.
In the past seven months, 42% of U.S. consumers have missed paying one or more bills, while over a third (39%) believe they will need to skip payments in the future.
This visualization breaks down the state of U.S. consumers’ personal finances during the COVID-19 era, and projects into future concerns around savings.
Pandemic Personal Finances: Key Takeaways
Based on data from the doxoINSIGHTS Bills Pay Impact Report across 1,568 sampled households, three themes emerge:
- 57% of consumers’ incomes have taken a hit in the past seven months
- 70% have delayed discretionary spending on big...
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