COVID-19 threatening Americans' shaky financial security

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The COVID-19 pandemic is taking a toll on the finances of everyday Americans, according to a new survey from COUNTRY Financial. Forty-nine percent of the survey respondents said the pandemic has worsened their financial situation, with a third of respondents saying they were not financially prepared for the pandemic.

The pandemic’s effects are also having a disproportionate impact on minorities, according to the survey. 45% of Hispanics and 34% of black Americans said they weren’t prepared, compared to 29% of white Americans. One-third of Hispanic respondents said the pandemic has affected their ability to pay their bills on time.