During the coronavirus (COVID-19) pandemic, many Americans had to face changes to their work and financial situation, especially at the beginning of the outbreak, when generalized lockdowns were implemented. According to a survey conducted throughout the year, between 31 percent and 44 percent of the respondents in the United States saw their savings decrease, while approximately one in two said their savings were not impacted by the pandemic. On the other hand, a lucky minority experienced an increase in their savings, especially towards the second half of the year.
Impact of coronavirus (COVID-19) pandemic on households savings in the United States from January to December 2020
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McKinsey & Company. (December 21, 2020). Impact of coronavirus (COVID-19) pandemic on households savings in the United States from January to December 2020 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1220728/covid-19-impact-on-household-savings-usa/
McKinsey & Company. "Impact of coronavirus (COVID-19) pandemic on households savings in the United States from January to December 2020." Chart. December 21, 2020. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1220728/covid-19-impact-on-household-savings-usa/
McKinsey & Company. (2020). Impact of coronavirus (COVID-19) pandemic on households savings in the United States from January to December 2020. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1220728/covid-19-impact-on-household-savings-usa/
McKinsey & Company. "Impact of Coronavirus (Covid-19) Pandemic on Households Savings in The United States from January to December 2020." Statista, Statista Inc., 21 Dec 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1220728/covid-19-impact-on-household-savings-usa/
McKinsey & Company, Impact of coronavirus (COVID-19) pandemic on households savings in the United States from January to December 2020 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1220728/covid-19-impact-on-household-savings-usa/ (last visited September 20, 2024)
Impact of coronavirus (COVID-19) pandemic on households savings in the United States from January to December 2020 [Graph], McKinsey & Company, December 21, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1220728/covid-19-impact-on-household-savings-usa/