April 2021 and Wave 8 of the survey mark the one-year anniversary of the launch of this project. Using a revised set of questions that account for the unanticipated duration of the crisis, we continue to explore the effects of the pandemic on respondents’ financial security, employment, and personal income. These results reveal that recovery remains uneven across different demographic segments, even for metrics that seem to be steady or improving overall. For instance, while job loss rates have remained stable since Wave 6 in November 2020, respondents earning less than $40,000 annually have reported steadily increasing job losses, while higher earners have been regaining employment over the same period. We also share data on the rate of job changes since the start of the crisis, identifying the industries and demographic segments that are more likely to have experienced a job change. More details are available in the full report.
CFI COVID-19 Survey of Consumers — Recovery Is Starting, but Not for Everyone
This report shares results from Wave 8 of a national survey of consumers investigating the effects of COVID-19 on employment and income data, including new data from revised survey questions that take into account the duration of the pandemic.