Tag: COVID relief bill
Abstract This study explores how the COVID-19 pandemic affected the finances of vulnerable households, as well as those with more resources. On one hand, the shutdown of the economy resulted in salary cuts and job losses that put pressure on many households, leaving them even less prepared for small expenditure shocks. On the other hand,…
The brief’s key findings are: Before COVID-19, many households said they would have trouble paying a $400 unexpected expense. The question is how COVID, with its mix of job losses and stimulus checks, has affected households’ financial well-being. While the final impact of the three stimulus payments will not be known for several years, preliminary…
