Just over half of lower-income adults say they or someone in their household has lost their job or taken a pay cut because of the coronavirus pandemic, a new Pew Research Center study has found
While the outbreak has wreaked widespread economic havoc on the nation, it has hit lower-income Americans harder than others, exposing and widening income inequality in the US. Overall, 43% of adults report that they or someone in their household has taken a hit, but only a third of upper-income Americans say the same, according to the Pew study, released Tuesday.
Also, younger adults, ages 18 to 29, were most likely to have been hit, Pew found.The stimulus checks from Congress' recent $2 trillion relief package will be put to use, with 54% of adults who expect payments saying they'll pay bills or buy essentials for themselves or their families. About one-fifth plan to save the money, while 14% will pay off debts.
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