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

Author

Listed:
  • Kartik B. Athreya
  • Ryan Mather
  • Jose Mustre-del-Rio
  • Juan M. Sanchez

Abstract

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

Suggested Citation

  • Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2020. "How Will COVID-19 Affect the Spending of Financially Distressed Households?," On the Economy 87865, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:l00001:87865
    as

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    File URL: https://www.stlouisfed.org/on-the-economy/2020/april/covid-19-spending-affect-spending-financially-distressed-households
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