Almost two-thirds of Americans worried that COVID-19 will affect their cost of living

Aishwarya Dabhade
May 27, 2021, 9:15 AM UTC

New YouGov data reveals that two-thirds of Americans are worried about their cost of living increases due to COVID-19 (64%) 

According to new data from YouGov, two-thirds of US adults (64%) are worried about their cost of living increasing because of COVID-19. Just a third (31%) of US adults say they are not at all worried about the potential impact of a COVID-related surge in prices. 

Two thirds (64%) of US adults are worried about the potential impact of the recession, while three in ten (30%) of the US adults say the potential blow of a recession does not worry them.  A similar proportion is worried about their taxes increasing (65% vs. 28%).   

While concerns over the affordability of housing post-COVID are less prevalent, they still affect nearly half of all adults. Out of all respondents, 48% say they are worried about not being able to afford housing costs, while 42% say they are not.   

Though career prospects do worry adults in the US, concerns around job progression are less high than those around the cost of living. According to the data, the percentage of US adults who are not worried about not getting a promotion or a pay rise is 30%. A marginally higher number of adults (33%) are concerned about not getting an expected promotion or a pay rise.   

While most US adults are not worried about career progression, men are less worried than women. The percentage of men who are not worried about career progression is 44% compared to 32% of women. A third (33%) of women are worried about the pandemic’s impact on their job prospects compared to 28% of men.   

Methodology: YouGov Profiles is based on continuously collected data and rolling surveys, rather than from a single limited questionnaire. Profiles data referenced is based on a sample size of 1,200 adults in the US. Online interviews were conducted between April 2020 – April 2021. Profiles data is nationally representative and weighted by age, gender, education, region, and race. Learn more about Profiles.