Nearly half of all U.S. adults who took pay cuts during the Covid-19 pandemic still have not returned to their previous incomes, according to a Pew Research Center report released Friday, indicating the pandemic’s lasting impact on many Americans’ finances.
Some 44% of American adults told Pew in a late January poll that somebody in their household has either lost a job or endured a pay cut since February 2020.
Among Americans who took a pay cut in the last year, 49% say they still make less money than they did prior to the pandemic, compared to 34% who earn roughly the same amount as before and 16% whose pay has increased.
Nearly half of all U.S. adults who took pay cuts during the Covid-19 pandemic still have not returned to their previous incomes https://t.co/ueF4udG2nO pic.twitter.com/4pZJ5c5u7y
— Forbes (@Forbes) March 5, 2021