Losing income due to the COVID-19 / coronavirus pandemic 2020

As of May 31, a slightly higher share respondents in the United States had lost income due to the COVID-19 pandemic than in Germany and the United Kingdom.

Coronavirus and economic stability in the U.S.

Ever since the turn of the year 2020, COVID-19 has led to serious consequences around the world. The pandemic has caused over 200,000 deaths worldwide, and as of May 2020 no other country is as badly affected by the coronavirus outbreak as United States. The country has reported close to 70,000 deaths as of May 4th, 2020, and the number is growing with every day passing.

Several states in the United States have issued stay-at-home orders to their citizens which means that millions of people are unable to go to work. More than 12 million unemployment insurance claims were made in the U.S. in April 2020, as the unemployment figures were soaring. As a result, the U.S. respondents are not only quite worried about their country’s economic stability, but at the same time, they are stressed about their personal finances.