Survey says one in four Americans have missed a bill payment since COVID-19 began


(NEW YORK) — The COVID-19 virus has proven very deadly, but it’s also hurting Americans in their wallets. According to a new survey, the coronavirus-devastated economy has taken a toll on our finances, with one in four saying they’ve missed a bill payment since the pandemic began. 

A poll of 2,000 Americans commissioned by the website EnergyBot shows that cellphone and cable bills are the most common payments missed, with 26% of respondents admitting to that. 

The non-scientific survey revealed 25% say they’ve missed their electricity and utilities bills as a result of the pandemic. 

Sixty-three percent say they’re “always worried” about being able to pay their bills on time nowadays, and 58% say they’ve been stressed about their financial situation since the pandemic took hold. 

The survey also noted how people are trying to make ends meet during the crisis, with 65% saying they’ve had to make sacrifices to stay afloat, and 52% declaring they’re only spending on essential items.

Thirty-nine percent have 86’d their gym memberships, 38% said they cut back on their paid streaming services, and 35% have stopped ordering food out to save money. 

With 39% saying they’re trying to use cash only to avoid overspending, 34% say the pandemic has forced them to dip into their emergency savings for basic necessities.

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