Almost 40% of Americans have seen “serious financial problems” in recent months

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Nearly 40% of Americans say they have encountered critical financial problems in the past few months and nearly 70% are worried their children will fall behind in college, according to a new national poll.

After growing optimism for the summer season that the worst of the pandemic had inflicted, the resurgence of the virus with the ultra-contagious Delta variant has brought walking to a steady halt in some cases – especially when it comes to struggling households. against funds.

Studies on financial hardship come as 67% of households surveyed said they had received financial assistance from the federal government in recent months.

And it’s not just a pain in the wallet: Respondents also said they were nervous about their children falling behind in schools after a year of lockdowns and intermittent reopening of schools in some. case.

A good 69% of households with children in final Okay-12 grades report that their children have fallen behind in their studies because of the coronavirus. Of these, 36% mentioned that their young people were “very late”.

Cars lined up across the country for meal banks to ship items after households were hit hard by COVID lockdowns. A latest survey shows that low-income households are nevertheless the hardest hit at the moment.
NurPhoto via Getty Images

Feelings have not improved for this school year: Among households who said their children fell behind last year, 70% say it will be difficult for their children to fix what they missed, in accordance with the ballot.

The poll, conducted by the Harvard TH Chan School of Public Health in conjunction with NPR and the Robert Wood Johnson Foundation, interviewed 3,616 American adults from August 2 to September 7.

“While Americans have received extensive government assistance during the COVID-19 epidemic, millions of people still have very serious problems with their finances, health care and the education of their children,” he said. said Robert J. Blendon, co-director of the survey and a professor of public welfare at Harvard.

Meanwhile, not all households report feeling critical pain: Among those with an annual family income of less than $ 50,000, 59% said they had faced critical financial problems. The rate drops to 18% for households with incomes over $ 50,000, according to the survey.

The Harvard / NPR / Robert Wood Johnson survey shows that 38% of individuals have suffered from critical financial problems in the past few months. More households with incomes below $ 50,000 mentioned that they faced problems than households with incomes above $ 50,000, according to the survey.
Harvard

In low-income households, Blendon said, the pain is especially acute because many have lost their savings and have nothing to fall back on.

The poll comes as Americans of all financial stripes are struggling financially with costs rising sharply during regular news coverage. Some measures of inflation are at their highest level in 30 years.

People are lining up for the Covid vaccine
People lined up in New York City to get vaccinated against COVID. While the Delta variant hit more durably, additional restrictions were introduced by some localities, weighing on a financial rebound.
Bloomberg via Getty Images

Economists, meanwhile, say the job market has a prolonged fix for the recovery, especially after two months of worse-than-expected prices on the amount of jobs being created in the United States.

Nearly 2.6 million Americans remained on conventional state unemployment benefits as of Thursday, according to federal statistics.


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