Household savings depletion during COVID-19 in the U.S. 2020, by age group

Published by
Fernando de Querol Cumbrera,
Feb 8, 2023
Among the United States (U.S.) households who entirely depleted their savings because of the coronavirus (COVID-19) pandemic, the largest share (26 percent) was aged between 25 and 34 years. Households between 35 and 44 years of age followed, with 21 percent of the respondents admitting that they had to use up their savings due to COVID-19 and the consequent measures introducted to tackle the outbreak.

Distribution of households who depleted their savings because of the coronavirus (COVID-19) pandemic in the United States in 2020, by age group

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Release date

September 2020

Region

United States

Survey time period

August 13 to 20, 2020

Number of respondents

5,401 respondents

Age group

18 years and older

Supplementary notes

The source did not provide information about the survey type.

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