Serious financial problems afflict 40% of US households in recent months – By Amanda Holpuch (The Guardian) / Oct 13 2021
Households struggle to afford medical care and food, with figure rising to 59% for those with income under $50,000 a year
Nearly 40% of US households have faced serious financial problems, including struggling to afford medical care and food, in the last few months, according to a survey published on Tuesday.
The survey by NPR, the Robert Wood Johnson Foundation and the Harvard TH Chan School of Public Health also showed that in those last few months, as the US struggled to contain the infectious Delta coronavirus variant, the percentage of households reporting serious financial problems rose to 59% when they had an income under $50,000 a year.
Among those lower-income households, 30% said they had lost all their savings during the coronavirus pandemic.
Reports of serious financial problems were not equal across racial and ethnic groups: 57% of Latinos, 56% of Black people and 50% of Native Americans said they had experienced serious financial problems in the past few months, compared with 29% of white people.
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