Poll: 15% of Americans worse off a year into pandemic

While most Americans have weathered the pandemic financially, about 38 million say they are worse off now than before the outbreak began in the U.S.

Overall, 55% of Americans say their financial circumstances are about the same now as a year ago, and 30% say their finances have improved.

That’s according to a new poll from Impact Genome and The Associated Press-NORC Center for Public Affairs Research.

But 15% say they are worse off. The problem is more pronounced at lower-income levels. Twenty-nine percent of those living below the federal poverty level say their personal finances worsened in the past year.

The AP reports, “Overall, the Impact Genome/AP-NORC poll found 52% of Americans say they were able to save money for most of the past three months, while 37% broke even and 10% were short on paying bills. Among Americans living below the poverty line, 29% say they struggled to pay bills recently, while just 16% have saved. By comparison, 61% of those living far above the poverty line say they have been able to save. The federal poverty line for a family of four in 2019, prior to the pandemic, was $25,750.”

More information on the poll can be found here.

Job Center Person Outside

In this May 7, 2020, file photo, a person looks inside the closed doors of the Pasadena Community Job Center in Pasadena, Calif., during the coronavirus outbreak. While most Americans have weathered the pandemic financially, about 38 million say they are worse off now than before the outbreak began in the U.S. According to a new poll from Impact Genome and The Associated Press-NORC Center for Public Affairs Research 55% of Americans say their financial circumstances are about the same now as a year ago, and 30% say their finances have improved. (AP Photo/Damian Dovarganes, File)

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