Did you spend less and save more due to the COVID-19 pandemic? If so, you’re not alone.
Overall, the percent of Ameri...
Did you spend less and save more due to the COVID-19 pandemic? If so, you’re not alone.
Overall, the percent of Americans with strong financial health increased by 2% from 2020-2021. This was largely due to the aforementioned behavioral changes, along with government interventions like stimulus payments that helped Americans pay off their debt.
However, the economic recovery has not been even for everyone. This chart looks at which Americans have seen the biggest increase in their financial health, broken down by race, household income, gender, and location.
#economicrecovery #financialhealth #finance #wealth
Source: Visual Capitalist
