Gallup: Americans Fear for Their Economic Futures

The Coronavirus pandemic has brought not only fear of becoming infected and sickened, but also fear for your financial future, Gallup’s new statistics shows.

Nearly 30% of America Affected

Since the Coronavirus caused entire states to shut down, we've seed the implementation of social distancing restrictions and about one in three Americans have been subject to a temporary layoff, job loss, or reduction in hours and/or income, with a unfortunate 18% experiencing more than one of the aforementioned disruptions.

Separately, 10% reported that they were laid off as a result of the ongoing Coronavirus situation, and another 2% with a permanent job loss, leaving the more common outcome reductions in hours (15%) and loss of income (26%).

The impact has been discovered to be more visible and pronounced in the lower income brackets, with those making less than $36,000 annually affected the most (32% experienced a loss of income) and the percentage being around 24% to 25% for those making over $36,000 yearly.

This reinforces Gallup’s previous finding that roughly a quarter of Americans fear potential layoffs next year, although 85% of those who have been laid off due to the Coronavirus believe they’ll be able to get their job back once the crisis is over.