42% of Americans Have Missed Bill Payments Due to Financial Impact of COVID-19 Pandemic
SEATTLE–(BUSINESS WIRE)–doxo, the innovative web and mobile bill pay service, today released new survey data that examines how the COVID-19 pandemic has impacted consumers’ ability to pay their bills. With over half (57%) of Americans reporting a reduced income, the latest doxoINSIGHTS Bill Pay Impact Report shows that 42% of consumers missed at least one bill payment in the past seven months due to financial effects of the COVID-19 pandemic. Additionally, consumers continue to be worried about their ongoing ability to pay bills, and what this will mean for the future of their overall financial health.
Key findings from the latest doxoINSIGHTS Bill Pay Impact Report include:
Over half of consumers have been financially…