Younger adults are being hit especially hard by Covid-19 shutdowns, reports Pew Research Center. Workers under age 45 account for 56 percent of the nation's total employed, but they are a larger 64 percent of workers at higher risk of job loss due to the coronavirus.
Younger adults are at higher risk because they account for a disproportionate share of workers in occupations such as retail sales and food service—the types of businesses that are either shut down entirely or sharply curtailed to stop the spread of coronavirus. Workers under age 45 account for 62 percent of retail clerks, 76 percent of cashiers, 78 percent of bartenders, and 83 percent of waiters and waitresses, according to a Demo Memo analysis of the age distribution of workers by occupation.
One-third of Americans say someone in their household lost a job or took a pay cut because of Covid-19, Pew reports. Among adults aged 18 to 29, nearly half report taking a financial hit...
Someone in household laid off, lost job, or had to take a pay cut because of Covid-19
Aged 18 to 29: 46%
Aged 30 to 49: 36%
Aged 50 to 64: 32%
Aged 65-plus: 19%
Source: Pew Research Center, Worries about Coronavirus Surge, as Most Americans Expect a Recession—or Worse
No comments:
Post a Comment