COVID-19 Pain Also Touches Higher-Income Consumers: Surveys
April 8, 2020 by Allison Bell
The turmoil caused by COVID-19, and by efforts to fight COVID-19, may be hitting the kinds of moderately high-income consumers who buy life insurance and annuities about as hard as lower-income consumers.
Ashley Kirzinger and other analysts at the Henry J. Kaiser Family Foundation have published evidence of that possibility in a summary of results from a telephone survey of conducted from March 25 through March 30.
The sample included 1,226 U.S. adults ages 18 and older.
The Kaiser team found that many survey participants in all three income groups it broke out have faced employment or income problems as a result of COVID-19-related turmoil.
Here’s how shares of participants who reported suffering from a COVID-19-related economic blow looks when broken out by annual income category:
Click HERE to read the full story via ThinkAdvisor
