CFI COVID-19 Survey of Consumers — Employment, Income, and Financial Security as January 2022

Abstract: Results collected during the 11th COVID-19 Survey of Consumers in January 2022 reveal that, although job loss had dipped in the previous survey report, job loss increased from 9.2 percent to 10.0 percent, according to respondents at the beginning of this year. Lower-earning respondents, who had reported improved job loss since Wave 8 in April 2021, reported increased job loss in Wave 11. The percentage of respondents working onsite and working normal hours both decreased slightly, while 19.0 percent reported that their full-year income had decreased from 2020 to 2021. Concerns about making ends meet over the next three to 12 months continue to rise. Those concerns are now nearly as high as in the first two waves of the survey conducted in April and May 2020.

Keywords: COVID-19;

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Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Consumer Finance Institute Research Briefs and Special Reports

Publication Date: 2022-02-28

Pages: 16