Among adults with less than a high-school diploma, 45% reported doing at least OK financially, down from 54% in 2019. Among those with a bachelor’s degree or higher, the percentage rose to 89% from 88%, the Fed said in its annual Survey of Household Economics and Decisionmaking, which polls more than 11,000 individuals.
The survey was consistent with other data that have emerged since the start of the Covid-19 pandemic showing a, with affluent households generally doing better while those at the lower end of the income scale doing worse. The share of adults ages 25 to 54 who weren’t working was 26% in November, up from 21% a year earlier, according to the survey. The percentage that cited child care or family obligations as a reason for not working rose to 9% from 8% in 2019.
that child care is a major hurdle to the labor market’s recovery, particularly after an unexpected slowdown in hiring last month.While women with children younger than 13 have experienced relatively high rates of job loss over the past year, men with young children have lost jobs at a lower rate than men without them,by economists Jason Furman, Melissa Kearney and Wilson Powell. Mr. Furman served as the top economic adviser to former President Barack Obama.
Duh