One in three Americans who were living below the federal poverty line before the pandemic report their personal finances are even worse off now.
A majority of Americans support the recently approved COVID and economic relief law. Those getting a check from the relief law are more likely to use it for bills, savings, or paying down debt.
One year into the coronavirus pandemic and the resulting economic downturn, Americans continue to hold generally positive views of their personal financial situation, but some are experiencing serious and lasting financial impacts.
Views of the economy are stabilizing and the public is becoming less pessimistic about the trajectory of the economy and the country overall.
As a result of the pandemic many are spending less, saving more, and paying down existing debt.