United States
Visualizing How the Pandemic is Impacting American Wallets
A Snapshot of U.S. Personal Finances During the Pandemic
If you’ve felt that you’ve needed to penny-pinch more during the pandemic, you’re not alone.
In the past seven months, 42% of U.S. consumers have missed paying one or more bills, while over a third (39%) believe they will need to skip payments in the future.
This visualization breaks down the state of U.S. consumers’ personal finances during the COVID-19 era, and projects into future concerns around savings.
Pandemic Personal Finances: Key Takeaways
Based on data from the doxoINSIGHTS Bills Pay Impact Report across 1,568 sampled households, three themes emerge:
- 57% of consumers’ incomes have taken a hit in the past seven months
- 70% have delayed discretionary spending on big purchases
- 75% continue to be very worried about their future financial health
How do these anxieties translate into day-to-day consequences?
Pandemic Postpones Bill Payments
Unsurprisingly, worrying about personal finances also means that more Americans are deferring their bill payments during the pandemic. However, these vary depending on the type of bill, total amount, and immediate urgency.
Over a quarter (27%) of U.S. consumers report having missed a bill on their auto loans, followed by 26% for utilities and 25% on cable or internet costs.
The average cost of the above three bill types is $258—but that’s still a fraction of the two most expensive bills, mortgage or rent, which come in at $1,268 and $1,023 respectively.
Bill Type | $ Value | % Missed |
---|---|---|
Auto loans | $374 | 27% |
Utilities | $290 | 26% |
Cable/ Internet | $110 | 25% |
Rent | $1,023 | 20% |
Mobile phone | $88 | 19% |
Mortgage | $1,268 | 17% |
Alarm/ Security | $76 | 17% |
Auto insurance | $181 | 15% |
Dental insurance | $25 | 14% |
Life insurance | $76 | 13% |
Health insurance | $94 | 10% |
Prioritizing Payments
While 20% of Americans say they’ve missed a rent payment over the past few months, what’s even more alarming is that 28% of U.S. consumers believe they will most likely skip paying rent in the future.
Bill Type | % Likely to Skip in Future |
---|---|
Cable/ Internet | 29% |
Utilities | 28% |
Rent | 28% |
Auto loans | 26% |
Mobile phone | 26% |
Mortgage | 21% |
Auto insurance | 21% |
Alarm/ Security | 19% |
Dental insurance | 16% |
Life insurance | 17% |
Health insurance | 15% |
Another clear trend is that many Americans are prioritizing insurance payments, particularly health insurance. This is good news during a global pandemic—only 10% have missed paying this bill type, although 15% expect to skip it in the coming months.
According to the report, some U.S. consumers seem to prioritize the bill types which come with strings attached, from late-payment penalties to accrued interest.
While missing a single payment might seem harmless, a pattern of missed payments over time have the potential to negatively impact your credit score.
Enough Savings To Stay Afloat?
Finally, Americans are wary about how much they have stashed away in the bank to weather the tumultuous months ahead.
While unemployment figures are recovering from historic troughs, the fear of losing one’s job remains prevalent. How many months’ worth of savings do U.S. consumers think they have if this were to happen?
# Months | % Responses |
---|---|
7+ months 💰💰💰💰💰💰💰 | 23% |
4-6 months 💰💰💰💰💰💰 | 15% |
1-3 months 💰💰💰 | 27% |
<1 month 💰 | 35% |
No one knows how long the COVID-19 chaos will last. In order to adapt to this economic uncertainty, consumer priorities are shifting along with their tightened budgets.
Politics
How Much Do Americans Trust the Media?
Media trust among Americans has reached its lowest point since Trump won the 2016 presidential election.

How Much Do Americans Trust the Media?
Media trust among Americans has reached its lowest point in six years.
Gallup began its survey on media trust in 1972, repeating it in 1974 and 1976. After a long period, the public opinion firm restarted the polls in 1997 and has asked Americans about their confidence level in the mass media—newspapers, TV, and radio—almost every year since then.
The above graphic illustrates Gallup’s latest poll results, conducted in September 2023.
Americans’ Trust in Mass Media, 1972-2023
Americans’ confidence in the mass media has sharply declined over the last few decades.
Trust in the mass media | % Great deal/Fair amount | % Not very much | % None at all |
---|---|---|---|
1972 | 68 | 24 | 6 |
1974 | 69 | 21 | 8 |
1976 | 72 | 22 | 4 |
1997 | 53 | 31 | 15 |
1998 | 55 | 35 | 9 |
1999 | 55 | 34 | 11 |
2000 | 51 | 37 | 12 |
2001 | 53 | 33 | 14 |
2002 | 54 | 35 | 11 |
2003 | 54 | 35 | 11 |
2004 | 44 | 39 | 16 |
2005 | 50 | 37 | 12 |
2007 | 47 | 35 | 17 |
2008 | 43 | 35 | 21 |
2009 | 45 | 37 | 18 |
2010 | 43 | 36 | 21 |
2011 | 44 | 36 | 19 |
2012 | 40 | 39 | 21 |
2013 | 44 | 33 | 22 |
2014 | 40 | 36 | 24 |
2015 | 40 | 36 | 24 |
2016 | 32 | 41 | 27 |
2017 | 41 | 29 | 29 |
2018 | 45 | 30 | 24 |
2019 | 41 | 30 | 28 |
2020 | 40 | 27 | 33 |
2021 | 36 | 29 | 34 |
2022 | 34 | 28 | 38 |
2023 | 32 | 29 | 39 |
In 2016, the number of respondents trusting media outlets fell below the tally of those who didn’t trust the media at all. This is the first time that has happened in the poll’s history.
That year was marked by sharp criticism of the media from then-presidential candidate Donald Trump.
In 2017, the use of the term ‘fake news’ rose by 365% on social media, and the term was named the word of the year by dictionary publisher Collins.
The Lack of Faith in Institutions and Social Media
Although there’s no single reason to explain the decline of trust in the traditional media, some studies point to potential drivers.
According to Michael Schudson, a sociologist and historian of the news media and a professor at the Columbia Journalism School, in the 1970s, faith in institutions like the White House or Congress began to decline, consequently impacting confidence in the media.
“That may have been a necessary corrective to a sense of complacency that had been creeping in—among the public and the news media—that allowed perhaps too much trust: we accepted President Eisenhower’s lies about the U-2 spy plane, President Kennedy’s lies about the ‘missile gap,’ President Johnson’s lies about the war in Vietnam, President Nixon’s lies about Watergate,”
Michael Schudson – Columbia Journalism School
More recently, the internet and social media have significantly changed how people consume media. The rise of platforms such as X/Twitter and Facebook have also disrupted the traditional media status quo.
Partisans’ Trust in Mass Media
Historically, Democrats have expressed more confidence in the media than Republicans.
Democrats’ trust, however, has fallen 12 points over the past year to 58%, compared with 11% among Republicans and 29% among independents.
According to Gallup, Republicans’ low confidence in the media has little room to worsen, but Democrat confidence could still deteriorate and bring the overall national reading down further.
The poll also shows that young Democrats have less confidence in the media than older Democrats, while Republicans are less varied in their views by age group.
-
War6 days ago
Ranked: Share of Global Arms Exports in 2022
-
Maps2 weeks ago
Interactive Map: The World as 1,000 People
-
Brands1 week ago
Ranked: Average Black Friday Discounts for Major Retailers
-
Brands1 week ago
Ranked: Fast Food Brands with the Most U.S. Locations
-
Markets1 week ago
Visualizing 30 Years of Imports from U.S. Trading Partners
-
Markets1 week ago
Ranked: The Biggest Retailers in the U.S. by Revenue
-
Globalization1 week ago
The Top 50 Largest Importers in the World
-
Maps1 week ago
Mapped: Which Countries Recognize Israel or Palestine, or Both?