G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15532
DP15532 Financial Fragility during the COVID-19 Pandemic
Robert Clark; Annamaria Lusardi; Olivia S Mitchell
发表日期2020-12-08
出版年2020
语种英语
摘要Early in the COVID-19 pandemic, much of the US economy was closed to limit the virus’ spread, and several emergency interventions were implemented. Our analysis of older (45-75) respondents fielded in April-May of 2020 indicates that about one in five respondents was financially fragile and would have difficulty facing a mid-size emergency expense. Some subgroups were at particular risk of facing financial difficulties, especially younger respondents, those with larger families, Hispanics, and the low income. Moreover, the more financially literate were better able to handle such shocks, indicating that knowledge can provide some additional protection during a pandemic.
主题Financial Economics
关键词Financial literacy Financial resilience Older population Vulnerable groups
URLhttps://cepr.org/publications/dp15532
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/544534
推荐引用方式
GB/T 7714
Robert Clark,Annamaria Lusardi,Olivia S Mitchell. DP15532 Financial Fragility during the COVID-19 Pandemic. 2020.
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