Visualizing How the Pandemic Affects American Wallets #infographic

 

Visualizing How the Pandemic Affects American Wallets #infographic

If you thought like you wanted to pinch more pennies during the pandemic, then you're not alone.

42% of U.S. customers have skipped paying one or more bills in the past seven months, while over a third (39%) believe they will need to skip payments in the future.

During the COVID-19 age, this visualization breaks down the state of the personal finances of US customers and projects into potential savings issues.

Unsurprisingly, thinking about private finances also means that during the pandemic, more Americans are deferring their bill payments. These, however, differ according to the form of bill, total number, and immediate urgency.

More than a quarter (27%) of U.S. customers report missing a bill on their car loans, followed by 26% on electricity and 25% on cable or internet rates.

The total cost of the three forms of bills above is $258, but that's only a fraction of the two most expensive bills, mortgage or rent, which are respectively $1,268 and $1,023.

Visualizing How the Pandemic Affects American Wallets #infographic

infographic by: www.visualcapitalist.com

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