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Half of Americans saw their income fall during coronavirus pandemic
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Nearly half of Americans have seen their income decline during the coronavirus pandemic, which dragged the nation's economy into the worst downturn since the Great Depression.
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That's according to a new study published Thursday by Bankrate.com, which found that 49 percent of U.S. adults have experienced a negative impact on their income as a result of the crisis, most frequently through layoffs, furloughs or a reduction in hours.
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Of the respondents whose income dropped, just 17 percent said it's returned to normal, while 42 percent expect it to return to pre-crisis levels within the next six months. Thirty-seven percent believe it will take longer than six months, and four percent think their income will never fully recover.