Federal Reserve household survey shows onset of family financial distress

https://www.federalreserve.gov/newsevents/pressreleases/other20200514a.htm

 

By self-report 19 percent of all adults reported either losing a job or experiencing a reduction in work hours in March. Despite these widespread employment losses, some people took on new or additional employment in March. Seven percent of adults reported that they increased their hours worked or worked overtime.

 

Charlie Cooper