The financial impact due to COVID-19
We’re conducting global Consumer Pulse (formerly Consumer Financial Hardship) studies to better understand how consumers continue to be impacted financially by the COVID-19 crisis. As results come in, we’ll continue to provide explanations of our findings and visual representations of the data.
This online survey of 2,995 adults was conducted Feb. 26–March 1, 2021 by TransUnion in partnership with third party research provider, Qualtrics® Research-Services. The current wave data is compared to previous waves which were conducted in March 2020 (including 1,068 adults), and April 2020 (including 3,035 adults). Adults 18 years of age and older residing in the United States were surveyed using an online research panel method across a combination of desktop, mobile and tablet devices. Survey questions were administered in English. All states are represented in the study survey responses. To ensure general population sample representativeness across United States resident demographics, the survey included quotas to balance responses to the census statistics on the dimensions of age, gender, household income, race and region. Generations are defined as follows: Gen Z, born 1995–2002; Millennials, born 1980–1994; Gen X, born 1965–1979; and Baby Boomers, born 1944–1964. These research results are unweighted and statistically significant at a 95% confidence level within ±1.79 percentage points based on calculated error margin.
Detailed results from our study.
Visual highlights of our results.
TransUnion has studied the financial impact of COVID-19 across five continents to provide a global view of the economic hardship being endured by consumers. This report aims to provide important understanding at this crucial stage of the pandemic.
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