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Covid-19 has hit finances of low-income the most; affluent still better off

India covid-19 pandemic economy
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PayNearby India Savings Behaviour, conducted with 10,000 participants from low-income groups, has revealed that 55% of that section of the population is also keen to save more to manage covid-19-like situations in the future.But the PayNearby report showed that while the impact is across the board, those in the lower-income group are at an added disadvantage because of the lack of financial literacy.

Here's what the data showed about how different economic sections have been affected.Focus on savingsBankBazaar surveyed 1,112 customers on the impact of covid-19 on their personal finance management and published the results in a report called MoneyMood Covid Edition.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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