The survey examined Americans’ thoughts on our economic situation during and after the COVID-19 pandemic, including how comfortable people are with traveling and shopping in person, as well as how soon they think the U.S. will recover financially. Below are highlights of the survey, along with a WalletHub Q&A.
Travel and dining will continue to take a hit until there’s a vaccine. Nearly 4 in 10 Americans won’t feel comfortable getting on an airplane until there is a vaccine (plus, 27 percent won’t feel comfortable staying in a hotel and 21 percent won’t feel comfortable dining out).
Most Americans want a non-tax solution for recovery. Around 28 percent of Americans think that tax rates should increase to fund coronavirus recovery efforts.
People view a full recovery in employment as far off. Almost 80 percent of Americans don’t think the unemployment rate will drop to pre-COVID-19 levels until at least the end of 2021, if at all.
Many people want to find more stable jobs. 73.5 million Americans plan on looking for a job that is more pandemic-proof.