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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Statistics on Savings during COVID-19 in selected advanced economies worldwide
Worldwide
5
- Premium Statistic Household saving rate in selected countries worldwide 2020
- Premium Statistic Excess savings as share of GDP during COVID-19 in selected countries 2020
- Premium Statistic Excess savings due to COVID-19 in selected countries 2020
- Premium Statistic Changing financial behaviors due to COVID-19 worldwide
- Premium Statistic Main financial priorities in selected countries worldwide for 2021
United States
6
- Premium Statistic Monthly personal savings rate during COVID-19 in the U.S. 2020-2022
- Premium Statistic Monthly personal savings during COVID-19 in the U.S. 2020-2021
- Premium Statistic COVID-19 impact on household savings in the U.S. 2020
- Premium Statistic Household savings depletion during COVID-19 in the U.S. 2020, by age group
- Premium Statistic Change in retirement savings due to coronavirus outbreak in the U.S. 2020
- Premium Statistic COVID-19 impact on retirement savings/plans in the U.S. 2020, by generation
Canada
5
- Premium Statistic Quarterly household saving rate in Canada 2019-2022
- Premium Statistic Quarterly household savings in Canada Q1 2020-Q3 2022
- Premium Statistic Average savings per household in Canada Q1 2020-Q4 2020
- Premium Statistic Average savings per household in Canada 2000-2021, by age group
- Premium Statistic Average savings per household in Canada Q1 2020-Q4 2020, by income quintile
European Union
6
- Basic Statistic Household saving rate during COVID-19 in the EU 27 Q1 2020-Q3 2020
- Basic Statistic Household saving rate during COVID-19 in the eurozone Q1 2020-Q3 2020
- Basic Statistic Annual savings per capita in the eurozone 2019-2021
- Premium Statistic Use of personal savings during COVID-19 in the EU 2020
- Premium Statistic Use of personal savings during COVID-19 in the EU 2020, by gender
- Premium Statistic Use of personal savings during COVID-19 in the EU 2020, by age group
United Kingdom
6
- Premium Statistic Households' saving rate during COVID-19 in the UK Q1 2020-Q1 2021
- Premium Statistic Household savings value during COVID-19 in the UK Q1 2020-Q1 2021
- Premium Statistic COVID-19 impact on savings in Great Britain 2020
- Premium Statistic COVID-19 impact on savings in Great Britain 2020, by age group
- Premium Statistic COVID-19 impact on savings in Great Britain 2020, by gender
- Premium Statistic Households' plans for savings accumulated during COVID-19 in the UK 2020
Further related statistics
18
- Share of U.S. adults financially affected by COVID-19 by education June 2020
- U.S. adults' opinion on the class most impacted by COVID-19 by party April 2020
- U.S. adults' opinion on whether COVID-19 is an economic threat by party March 2020
- U.S. adults' opinion on the class most impacted by COVID-19 April 2020
- U.S. adults' expectations of the economic impact of COVID-19 March 2020
- U.S. adults' expectations of the economic impact of COVID-19 by party March 2020
- U.S. adults' approval of the COVID-19 economic relief package April 2020
- U.S. adults' opinion on whether COVID-19 threatens their financial situation 2020
- U.S. adults' opinion of the COVID-19 economic relief package size by party April 2020
- U.S. adults' opinion on whether COVID-19 is a major economic threat March 2020
- U.S. adults' opinion of the COVID-19 economic relief package size April 2020
- U.S. adults' opinion on COVID-19 threat to their financial situation by party 2020
- U.S. adults' approval of the COVID-19 economic relief package by party April 2020
- Global payment revenue before and after COVID-19
- People who experienced an impact on their income due to COVID-19 worldwide 2020
- Reasons of not using food delivery apps during COVID-19 Indonesia 2020 by age group
- Households with savings Philippines Q1 2019-Q4 2022
- Hungarians' opinion on students going back to school during COVID-19 2020
Further Content: You might find this interesting as well
Statistics
- Share of U.S. adults financially affected by COVID-19 by education June 2020
- U.S. adults' opinion on the class most impacted by COVID-19 by party April 2020
- U.S. adults' opinion on whether COVID-19 is an economic threat by party March 2020
- U.S. adults' opinion on the class most impacted by COVID-19 April 2020
- U.S. adults' expectations of the economic impact of COVID-19 March 2020
- U.S. adults' expectations of the economic impact of COVID-19 by party March 2020
- U.S. adults' approval of the COVID-19 economic relief package April 2020
- U.S. adults' opinion on whether COVID-19 threatens their financial situation 2020
- U.S. adults' opinion of the COVID-19 economic relief package size by party April 2020
- U.S. adults' opinion on whether COVID-19 is a major economic threat March 2020
- U.S. adults' opinion of the COVID-19 economic relief package size April 2020
- U.S. adults' opinion on COVID-19 threat to their financial situation by party 2020
- U.S. adults' approval of the COVID-19 economic relief package by party April 2020
- Global payment revenue before and after COVID-19
- People who experienced an impact on their income due to COVID-19 worldwide 2020
- Reasons of not using food delivery apps during COVID-19 Indonesia 2020 by age group
- Households with savings Philippines Q1 2019-Q4 2022
- Hungarians' opinion on students going back to school during COVID-19 2020
CNBC. (September 1, 2020). Distribution of households who depleted their savings because of the coronavirus (COVID-19) pandemic in the United States in 2020, by age group [Graph]. In Statista. Retrieved March 26, 2023, from https://www.statista.com/statistics/1220304/impact-of-covid-19-on-savings-depletion-by-age-us/
CNBC. "Distribution of households who depleted their savings because of the coronavirus (COVID-19) pandemic in the United States in 2020, by age group." Chart. September 1, 2020. Statista. Accessed March 26, 2023. https://www.statista.com/statistics/1220304/impact-of-covid-19-on-savings-depletion-by-age-us/
CNBC. (2020). Distribution of households who depleted their savings because of the coronavirus (COVID-19) pandemic in the United States in 2020, by age group. Statista. Statista Inc.. Accessed: March 26, 2023. https://www.statista.com/statistics/1220304/impact-of-covid-19-on-savings-depletion-by-age-us/
CNBC. "Distribution of Households Who Depleted Their Savings Because of The Coronavirus (Covid-19) Pandemic in The United States in 2020, by Age Group." Statista, Statista Inc., 1 Sep 2020, https://www.statista.com/statistics/1220304/impact-of-covid-19-on-savings-depletion-by-age-us/
CNBC, Distribution of households who depleted their savings because of the coronavirus (COVID-19) pandemic in the United States in 2020, by age group Statista, https://www.statista.com/statistics/1220304/impact-of-covid-19-on-savings-depletion-by-age-us/ (last visited March 26, 2023)
Distribution of households who depleted their savings because of the coronavirus (COVID-19) pandemic in the United States in 2020, by age group [Graph], CNBC, September 1, 2020. [Online]. Available: https://www.statista.com/statistics/1220304/impact-of-covid-19-on-savings-depletion-by-age-us/