How long will savings last in case of job loss due to COVID-19 in the U.S. in 2020?

Published by
Fernando de Querol Cumbrera,
Feb 8, 2023
In 2020, one third of White Americans stated that their savings would last for more than a year in case they lost their job due to COVID-19. As for the Black Americans, only 19 percent said that their savings would be enough to last longer than a year.

Length of time savings would last in case of a job loss due to COVID-19 in the United States in 2020, by race

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

In cooperation with
Release date

July 2020

Region

United States

Survey time period

March to June 2020

Supplementary notes

The respondents were sampled and weighted to match the general population of the U.S. by the source.

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Personal savings in the United States "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Personal savings in the United States

Overview

6

Household savings

6

College savings

4

Retirement savings

7

Saving practices

6

Impact of the economy on savings

4

Further related statistics

10

Further Content: You might find this interesting as well

Statistics

Topics

Savings during coronavirus (COVID-19) outbreakCoronavirus impact on global media consumptionCoronavirus: impact on the aviation industry worldwideCoronavirus: impact on the transportation and logistics industry worldwideCoronavirus disease (COVID-19) pandemic
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.