60% of US households with children report facing serious financial problems during pandemic: report
More than 60 percent of households with children have faced serious financial problems during the coronavirus outbreak in the United States.
That figure is one of many eyebrow-raising findings highlighted in a new report released by NPR and the Harvard T.H. Chan School of Public Health that raises concerns about the ability of these homes to weather long-term health and financial harms.
'The Impact of Coronavirus on Households with Children" highlights serious problems reported across a wide range of areas during the pandemic, including depleting household savings, serious problems paying credit card bills and other debt, and affording medical care.
The key findings include:
And when it came to paying bills, more than one in five households with children (23%) reported missing or delaying paying any major bills to ensure everyone had enough to eat, and a majority of households (70%) reported this caused serious financial problems for them.
Meanwhile, among the 6 percent of households with children in the U.S. where someone has been diagnosed with COVID-19, adults report substantially worse problems with their finances and caring for children than households who have not had COVID-19.
Most (94%) of households with children where someone was diagnosed with COVID-19 reported facing serious financial problems during the coronavirus outbreak.
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