Search
 

Home

Instant Insights / How the Coronavirus Affects HR, Benefits, and Retirement Professionals

Dealing with COVID-19's massive impact on employers, employee benefits, 401(k) and pension plans, health insurance, and more.

Analysis

Study: Nearly half of adults say their family has lost work or income amid the pandemic

This widespread loss of income has stark impacts, as consumers worry about being able to pay their debts and afford medical costs.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Classified ads Among 41.5% of adults who reported a loss of work, the survey found that 17.1% were laid off, 28.8% were furloughed and 27.8% lost business or work-related income. (Photo: Shutterstock)

Nearly two out of every five non-elderly adults reported that their family has lost jobs, work hours or work-related income as a result of the social distancing orders instituted in response to the novel coronavirus pandemic, according to a recent study conducted by the Urban Institute.

The Urban Institute’s Health Reform Monitoring Survey found that 41.5% of adults have seen less work and income as a result of the pandemic response resulting in a cascading effect that touches all aspects of the economy from housing, to debt to health care.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.