Between furloughs, layoffs, and pay cuts, people’s lives and livelihoods have been affected since the coronavirus (COVID-19) broke out earlier this year. According to a U.S. jobs report from the Labor Department, U.S. employers shed nearly 30 million positions from payrolls this spring as a result of the coronavirus pandemic and related shutdowns. And because of this, it goes without saying that we all probably know someone who’s lost their job, filed for unemployment, or had to move in with family in order to survive during the pandemic.
Either way, our finances continue to change during quarantine. While some people have been saving more due to not having the ability to go out anymore (goodbye happy hours), others are dipping into their savings in order to supplement their loss in pay. To find out how women’s savings accounts have been affected by the pandemic, we connected with six