In January 2021, the Heldrich Center for Workforce Development released a report titled, Twin Crises, which examines the ways in which the COVID-19 pandemic has affected American families and their views of the national economy, both now and in the future.
A follow-up research brief, Assessing the Economic Effects of the Pandemic on Households, describes the extent of the economic impacts of the pandemic on American households as measured in a December 2020 survey conducted by the Heldrich Center.
The economic impacts of the pandemic on Americans, accentuated by the health crisis, is reflected in the proportion of individuals reporting pay cuts and layoffs. These financial hardships have not only induced feelings of anxiety and stress but have also influenced the opinions and expectations of Americans on the Biden administration’s ability to manage the pandemic.