Household Rental Debt During COVID-19: UPDATE FOR AUGUST 2021
This research update provides new estimates of rental debt that households have accrued because of job loss or involuntary part-time work during the COVID-19 pandemic. The purpose of this update is to provide national and state stakeholders with updated estimates of pandemic-related rental debt as we approach the end of the national eviction moratorium implemented by the Centers for Disease Control and Prevention (CDC).1 These estimates should be interpreted as the amount of rental debt existing prior to the distribution of emergency rental assistance.
Overdraft Use During the Pandemic: Insights from the CFI COVID-19 Survey of Consumers
This research brief examines consumers’ use of checking account overdrafts since the beginning of the COVID-19 crisis, using responses gathered from a special module in the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute COVID-19 Survey of Consumers conducted between July 5 and 16, 2021. The overdraft module includes responses from a national sample of 3,615 consumers, 1,054 of whom reported experiencing at least one overdraft charge during the crisis. Respondents provided their demographic and employment characteristics as part of the broader survey. Survey participants ...
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
CFI COVID-19 Survey of Consumers — Cautious Optimism Reigns in Wave 9
In an effort to gain insights into the impact of the COVID-19 pandemic on financial security in the U.S., the Consumer Finance Institute at the Federal Reserve Bank of Philadelphia is conducting a series of national surveys of consumers that focus on changes in job status, income levels, and personal financial security. Data presented here represent results from the ninth wave of the survey conducted between July 5 and 16, 2021
CFI COVID-19 Survey of Consumers — Wave 6 Highlights Increasing Financial Concerns and the Impact of the Pandemic on Education Loan Holders
In an effort to gain insights into the impact of COVID-19 on financial security in the U.S., the Consumer Finance Institute at the Federal Reserve Bank of Philadelphia is conducting a series of national surveys of consumers that focus on changes in job status, income levels, and personal financial security. Data presented here represent results from the sixth wave of the survey conducted between November 4 and 20, 2020
CFI COVID-19 Survey of Consumers — Employment, Income, and Financial Security as January 2022
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 ...
CFI COVID-19 Survey of Consumers — Employment, Income, and Financial Security as of October 2021
This report shares results from Wave 10 of a national survey of consumers investigating the effects of COVID-19 on employment and income data, including employment through the crisis, income changes and expectations for income in 2021, and financial security over the next three to 12 months.
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.
Vaccine Reluctance Is Diminishing but Still High in a Few Industries
Americans are becoming more receptive to getting COVID-19 vaccines, but pockets of reluctance remain, including in industries in which personal contact is essential to doing business.
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).