MassMutual Consumer Spending & Saving Index: Parents Continue to Face Financial and Work Challenges due to COVID-19
b"As the United States continues to emerge from the COVID-19 pandemic, parents, especially mothers, continue to feel exasperated by financial and workplace challenges.
- b"As the United States continues to emerge from the COVID-19 pandemic, parents, especially mothers, continue to feel exasperated by financial and workplace challenges.
- Sixty-one percent of parents say they find it difficult to manage their finances due to priorities during the pandemic according to the MassMutual Consumer Spending & Saving Index.
- More than half (52%) of parents are spending more on monthly family-related costs due to the pandemic, and one-third are spending $1,000+ more per month.
- Nearly two-thirds (65%) of parents dipped into savings over the last three months, significantly more than the general population (45%).