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On March 11, the World Health Organization characterized COVID-19 as a pandemic. This declaration sent shockwaves through the nation and the financial lives of many around the country due to shutdowns, layoffs and much uncertainty. This year’s annual financial literacy survey was fielded amidst that announcement. To gather an understanding of the immediate financial impact of the pandemic and the resources Americans need most, NFCC and BAI worked together quickly to get another survey out, the Financial Impact of COVID-19 Survey, conducted by The Harris Poll in May among over 2,000 U.S. adults.

survey on immediate financial impact of covid-19 pandemic

The 2020 Financial Impact of COVID Survey was conducted online within the United States by The Harris Poll on behalf of the National Foundation for Credit Counseling and BAI between May 12 and May 14, 2020 among 2,067 U.S. adults ages 18+. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For answers to questions about survey methodology, including weighting variables, please contact info@nfcc.org.