COVID-19 Pain Also Touches Higher-Income Consumers: Surveys

Resources

• The Kaiser Family Foundation survey report summary is available here.
• The LendingTree survey report is available here.
• An article about higher-income consumers' health insurance bills is available here.

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:

• Under $40,000: 42%
• $40,000 to $90,000: 38%
• Over $90,000: 38%

LendingTree, a company with an online loan exchange, reported in March, that people who earned $100,000 or more per year, and were in its highest income category, said they had spent  an average of $219.93 on preparing for the coronavirus outbreak.

That compares with average coronavirus prep spending of just $167.25 for consumers who were earning $35,000 to $49,999.

— Read Moderate-Income Uninsured Market Is Booming: CDC Data, on ThinkAdvisor.

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