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The Crisis in November: Concerns Rise as Job and Income Recovery Slow
Fresh data collected in early November from Wave 6 of the survey confirm that, despite fewer respondents reporting job loss, respondents reported larger income declines and concerns about the future continuing to grow.
Consumers Are Shifting Payment Options
This research brief discusses how consumers have changed their use of various payment and banking tools during the pandemic. It also sheds light on the payment resources consumers have available.
Consumers Anticipate Long-Lasting Impact from Financial Damage
As part of its effort to understand the economic impact of the pandemic, the Consumer Finance Institute (CFI) surveyed consumers about their economic situations and attitudes. Many of the findings echoed the severe job losses and paycheck disruptions found in the government data and media coverage. A new and interesting takeaway of the survey, however, is the cautious view going forward: When we surveyed consumers in April, a significant share of respondents did not think their finances would recover soon. Many expected to need to decrease their spending or to seek financial assistance in ...
The Lingering Economic Effects of COVID-19
Scientists are discovering that some patients infected with COVID-19 suffer from medical issues well after the virus is gone (Mayo Clinic Staff, 2020).
CFI COVID-19 Pandemic's Impact on Third District Consumers
This research brief highlights a survey that measures the pandemic’s effect on employment and financial status of consumers who live the Third District
Job Losses for Younger Workers Recovering Unevenly
This research brief discusses an uneven recovery of jobs for respondents under the age of 36, a situation that is masked by overall improvements in job recovery.