So 11% of those who were asked the question said they had indeed lost their job due to the pandemic. More said that someone in their household had. Most (78%) thought back in April that the job would be restored. As of August 20, most thought that job was gone for good.
Nobody, even the experts, knew how this would all work out . . because it was the first time that governments all over the world actually closed down their economy because of a pandemic. Looks like we're starting to get a bigger picture of what that policy produced.
Over the last two years, about half are holding steady in their personal finances, about a third are falling behind, and the percentage who are getting ahead has declined.
On an encouraging note, most people (68% in March and 70% in August) think their employer is trying to look out for their interests.
from AEI
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