Report

CFI COVID-19 Survey of Consumers – Wave 5

Tom Akana

Senior Advisor and Research Fellow, Consumer Finance Institute

November 2020

This report shares results from Wave 5 of a national survey of consumers investigating COVID-19 impacts on job status, income, and personal financial security.

This report discusses new findings that focus on job and income disruptions during the crisis. To do this, we identify respondents who experienced a disruption but report current employment and full income. This reveals a larger population of respondents who may experience financial hardships, even during a recovery. Additionally, we examine the impact of the crisis on savings and financial security, observing adverse effects that have manifested since the income support provisions of the CARES Act have expired.

View the Full Report

CFI COVID-19 Survey of Consumers — Wave 3 Reveals Improvements, but Not for Everyone

Tom Akana

August 2020

In an effort to gain insights into the impact of COVID-19 on financial security in the U.S., the Consumer Finance Institute at the Federal Reserve Bank of Philadelphia is conducting a series of national surveys of consumers that focus on changes in job status, income levels, and personal financial security.

Consumer Credit

Report

CFI COVID-19 Survey of Consumers — Wave 4 Tracks How the Vulnerable Are Affected More by Job Interruptions and Income Disruptions

Tom Akana

September 2020

Consumer Credit

Brief

The Crisis in November: Concerns Rise as Job and Income Recovery Slow

Fresh data collected in early November from Wave 6 of the survey confirm that, despite fewer respondents reporting job loss, respondents reported larger income declines and concerns about the future continuing to grow.