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)
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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 December 27, 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 December 27, 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: December 27, 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 December 27, 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/
