In 2020, 26 percent of Black Americans who were very concerned about their job-security due to COVID-19 had savings that would last for more than one month. Only 17 percent of White Americans with job security concerns had savings that would last for more than one month.
Length of time savings would last among consumers with job-security concerns due to COVID-19 in the United States in 2020, by race
Characteristic
Extremely/very concerned (more than 1 month of savings)
Extremely/very concerned (less than 1 month of savings)
Somewhat/not concerned*
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McKinsey & Company. (July 30, 2020). Length of time savings would last among consumers with job-security concerns due to COVID-19 in the United States in 2020, by race [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1149244/job-security-concerns-covid19-savings-last-race-usa/
McKinsey & Company. "Length of time savings would last among consumers with job-security concerns due to COVID-19 in the United States in 2020, by race." Chart. July 30, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1149244/job-security-concerns-covid19-savings-last-race-usa/
McKinsey & Company. (2020). Length of time savings would last among consumers with job-security concerns due to COVID-19 in the United States in 2020, by race. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1149244/job-security-concerns-covid19-savings-last-race-usa/
McKinsey & Company. "Length of Time Savings Would Last among Consumers with Job-security Concerns Due to Covid-19 in The United States in 2020, by Race." Statista, Statista Inc., 30 Jul 2020, https://www.statista.com/statistics/1149244/job-security-concerns-covid19-savings-last-race-usa/
McKinsey & Company, Length of time savings would last among consumers with job-security concerns due to COVID-19 in the United States in 2020, by race Statista, https://www.statista.com/statistics/1149244/job-security-concerns-covid19-savings-last-race-usa/ (last visited July 22, 2024)
Length of time savings would last among consumers with job-security concerns due to COVID-19 in the United States in 2020, by race [Graph], McKinsey & Company, July 30, 2020. [Online]. Available: https://www.statista.com/statistics/1149244/job-security-concerns-covid19-savings-last-race-usa/