Almost 20% of U.S. households lost entire savings during pandemic

By Simone Silvan | Bloomberg

For many Americans, coronavirus lockdowns — with nowhere to go and nothing to do — were a time to save. But for almost 20% of U.S. households, the pandemic wiped out their entire financial cushion, a poll released Tuesday finds.

The share of respondents who said they lost all their savings jumped to 30% for those making less than $50,000 a year, the poll from NPR, the Robert Wood Johnson Foundation and the Harvard T.H. Chan School of Public Health finds. Black and Latino households were also harder hit. The researchers surveyed a nationally representative sample of 3,616 U.S. adults ages 18 or older.

Avenel Joseph, a

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