COVID-19 impact on household savings in the U.S. 2020

During the coronavirus (COVID-19) pandemic, many Americans had to face changes to their work and financial situation, especially at the beginning of the outbreak, when generalized lockdowns were implemented. According to a survey conducted throughout the year, between 31 percent and 44 percent of the respondents in the United States saw their savings decrease, while approximately one in two said their savings were not impacted by the pandemic. On the other hand, a lucky minority experienced an increase in their savings, especially towards the second half of the year.