Impacts of COVID-19 lockdowns and stimulus payments on low-income population's spending in the United States.

Impacts of COVID-19 lockdowns and stimulus payments on low-income population's spending in the United States.

The COVID-19 pandemic has profoundly impacted the economy and human lives worldwide, particularly the vulnerable low-income population. We employ a large panel data of 5.6 million daily transactions from 2.6 million debit cards owned by the low-income population in the U.S. to quantify the joint imp...

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Bibliographic Details
Main Authors: Kangli Li, Natasha Zhang Foutz, Yuxin Cai, Yunlei Liang, Song Gao
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2021-01-01
Series:PLoS ONE
Online Access:https://doi.org/10.1371/journal.pone.0256407

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