The impact due to COVID-19
We’re conducting global Consumer Financial Hardship studies to better understand how consumers are being impacted financially by the COVID-19 health crisis. As results come in, we’ll continue to provide explanations of our findings and visual representations of the data.
Latest U.S. ReportDownload Now
This online survey of 2,059 adults was conducted June 30, 2020, by TransUnion in partnership with 3rd party research provider Qualtrics® Research-Services. The current wave data is compared to the previous wave, which was conducted May 28 – 29, 2020 among 2,086 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 computer, 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. Restriction levels are self-reported based on the following definitions: major restrictions — only essential businesses are allowed to be open, restaurants and bars may not seat patrons, and large public gatherings are not permitted; moderate restrictions — some non-essential businesses may open with limited capacity, while others, like bars and gyms, remain closed, and large public gatherings are not permitted; minor restrictions — most businesses may open with limited capacity, and there are limits on public gatherings. The research results are unweighted and statistically significant at a 95% confidence level within ±2.16 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.Download Now