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.


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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.

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