In 2020, just over half of Black Americans skipped at least one payment in the past month due to increased financial vulnerability as a result of COVID-19. On the contrary, only 16 percent of White Americans said that they had to skip at least one payment. More than 60 percent of White Americans reported that they were able to pay all their bills over the past month.
Bill payment behavior of consumers over the past month during COVID-19 pandemic in the United States in 2020, by race
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McKinsey & Company. (July 30, 2020). Bill payment behavior of consumers over the past month during COVID-19 pandemic in the United States in 2020, by race [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1149294/consumer-bill-payment-behavior-covid19-usa-race/
McKinsey & Company. "Bill payment behavior of consumers over the past month during COVID-19 pandemic in the United States in 2020, by race." Chart. July 30, 2020. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1149294/consumer-bill-payment-behavior-covid19-usa-race/
McKinsey & Company. (2020). Bill payment behavior of consumers over the past month during COVID-19 pandemic in the United States in 2020, by race. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1149294/consumer-bill-payment-behavior-covid19-usa-race/
McKinsey & Company. "Bill Payment Behavior of Consumers over The past Month during Covid-19 Pandemic in The United States in 2020, by Race." Statista, Statista Inc., 30 Jul 2020, https://www.statista.com/statistics/1149294/consumer-bill-payment-behavior-covid19-usa-race/
McKinsey & Company, Bill payment behavior of consumers over the past month during COVID-19 pandemic in the United States in 2020, by race Statista, https://www.statista.com/statistics/1149294/consumer-bill-payment-behavior-covid19-usa-race/ (last visited December 21, 2024)
Bill payment behavior of consumers over the past month during COVID-19 pandemic in the United States in 2020, by race [Graph], McKinsey & Company, July 30, 2020. [Online]. Available: https://www.statista.com/statistics/1149294/consumer-bill-payment-behavior-covid19-usa-race/
