Over 40% of U.S. households said they experienced severe financial hardship during the COVID-19 pandemic, citing difficulties paying bills, credit cards and draining their savings, according to a Harvard University report.
The survey conducted by the Harvard T.H.Chan School of Health, the Robert Wood Johnson Foundation, and the National Public Radio asked roughly 3,600 participants between July and August about problems they faced during the pandemic and how it affected their lives in recent months. Respondents were asked about financial, healthcare, education and personal safety concerns.
Roughly 30% of adults interviewed said they used up all or most of their savings during the pandemic, while 10% reported they had no savings before the pandemic began, according to the report. About one in five households had difficulties paying credit cards, loans, and other debts as well as utilities.
A coalition of 15 states agreed to a deal with drug maker Purdue Pharma, which could soon lead to a $4.5 billion settlement over the company’s role in the U.S. opioid epidemic.
The states agreed to no longer oppose Purdue Pharma’s bankruptcy plan while the pharmaceutical company agreed to publicly release a trove of millions of documents, according to a court filing late Wednesday night. The Sackler family, which owns the company, would pay an additional $50 million under the settlement.
The agreement will be tacked onto a broader proposal that is set to be voted on by more than 3,000 plaintiffs, The New York Times reported. In addition to the states, plaintiffs include cities, counties and tribes that sued the company over its role in boosting its painkiller OxyContin, the cause of thousands of opioid deaths.
As the pandemic recedes and Americans re-enter public life, the surgeon general and other public health experts are urging the country to focus on another national crisis, one that has lingered for decades and worsened in recent years: loneliness.
For many, pandemic-related lockdowns, social distancing, and physical isolation resulted in their most severe experiences of loneliness. Studies have shown that an uptick in loneliness and other mental health issues coincided with the pandemic, and that lockdown requirements almost certainly exacerbated pre-existing mental conditions. But for researchers who have studied loneliness, the recent increase is only one notable event in an extensive history.
Loneliness is not just a crisis in America, but also in Europe, Canada, Japan, China, Australia and, increasingly, South America and Africa. Loneliness also occurs regardless of race, class, culture, and religion. Even before the lockdowns, tens of millions of people throughout the world felt isolated.