Nearly 40% of Families Face Financial Problems

Wall Street Journal: “Nearly 40% of U.S. households said they faced serious financial difficulties in recent months of the Covid-19 pandemic, citing problems such as paying utility bills or credit card debt, according to a recent poll. About one-fifth have depleted all of their savings.”

“U.S. households are struggling in many ways over a year into the coronavirus pandemic… Nearly 60% of households earning less than $50,000 a year reported facing serious financial challenges in recent months. Of those, 30% lost all of their savings.”