tetano
Editor, Senior Moderator
PLoS One
. 2022 Jan 14;17(1):e0262301.
doi: 10.1371/journal.pone.0262301. eCollection 2022.
Financial vulnerability and the impact of COVID-19 on American households
Carol Bruce[SUP] 1 [/SUP], Maeve E Gearing[SUP] 1 [/SUP], Jill DeMatteis[SUP] 1 [/SUP], Kerry Levin[SUP] 1 [/SUP], Timothy Mulcahy[SUP] 1 [/SUP], Jocelyn Newsome[SUP] 1 [/SUP], Jonathan Wivagg[SUP] 1 [/SUP]
Affiliations
Abstract
In May 2020, Westat, in partnership with Stanford University School of Medicine, conducted a nationally-representative household survey of American attitudes and behaviors regarding COVID-19. In this article, we examine what the Coronavirus Attitudes and Behaviors Survey tells us about the impact of COVID-19 on financial status and how this impact varies by demographic characteristics, the presence of health risk factors, and financial status (including employment factors). The survey reveals significant inequality in financial impact, as those who were most financially vulnerable prior to the pandemic found themselves under greater financial strain, while those who were more financially secure have experienced a neutral or even positive impact of the pandemic on household finances. These findings have important implications for public policy as policymakers seek to target aid to those who need it most.
. 2022 Jan 14;17(1):e0262301.
doi: 10.1371/journal.pone.0262301. eCollection 2022.
Financial vulnerability and the impact of COVID-19 on American households
Carol Bruce[SUP] 1 [/SUP], Maeve E Gearing[SUP] 1 [/SUP], Jill DeMatteis[SUP] 1 [/SUP], Kerry Levin[SUP] 1 [/SUP], Timothy Mulcahy[SUP] 1 [/SUP], Jocelyn Newsome[SUP] 1 [/SUP], Jonathan Wivagg[SUP] 1 [/SUP]
Affiliations
- PMID: 35030175
- DOI: 10.1371/journal.pone.0262301
Abstract
In May 2020, Westat, in partnership with Stanford University School of Medicine, conducted a nationally-representative household survey of American attitudes and behaviors regarding COVID-19. In this article, we examine what the Coronavirus Attitudes and Behaviors Survey tells us about the impact of COVID-19 on financial status and how this impact varies by demographic characteristics, the presence of health risk factors, and financial status (including employment factors). The survey reveals significant inequality in financial impact, as those who were most financially vulnerable prior to the pandemic found themselves under greater financial strain, while those who were more financially secure have experienced a neutral or even positive impact of the pandemic on household finances. These findings have important implications for public policy as policymakers seek to target aid to those who need it most.