$400 Question: Financial Insecurity and the COVID-19 Pandemic [February 12, 2021] [open pdf - 832KB]
From the Document: "The economic disruption caused by the Coronavirus Disease 2019 (COVID-19) pandemic heightened awareness of household financial insecurity. Financial insecurity was not new for some households―they were financially insecure at the onset of the pandemic. Adults with children were disproportionately financially insecure. For some households, financial security improved between fall 2019 and summer 2020, following extraordinary economic relief provided in response to the disruptions caused by the COVID-19 pandemic. This Insight uses survey data on responses to 'the $400 question' to analyze the above trends. The question asks those surveyed how they would finance an unexpected $400 expense."
CRS Insight, IN11602
Congressional Research Service: https://crsreports.congress.gov/