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Some Americans lost their entire savings account during the pandemic

A survey released Tuesday shows that one out of every five households lost their entire savings account during the pandemic.

3,616 adults were polled by the NPR and showed that 30% of people making $50,000 or less completely depleted their savings.

Two thirds of those people also said they struggled to pay their rent or buy food, and Black and Hispanic households were hit the hardest.

Two thirds said they received government assistance but only 44% said it slightly helped.

Inflation continues to plague the United States as well, while most Americans make the same wages they made before the pandemic.

Categories: News