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How Will COVID-19 Affect the Spending of Financially Distressed Households?


Abstract: Consumer spending will drop substantially due to COVID-19, and the declines will hit hardest in households already in financial distress.

Keywords: COVID-19; Coronavirus; Economy; Household spending; Consumer spending; Financial distress;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2020-04-23