Findings

1. Check out interested in step one Average family savings balances in the bottom out-of 2021 stayed raised along the income shipments, but especially for reduced-income family.
2. See finding dos Complex CTC repayments ilies with babies manage elevated bucks balance through the stop away from 2021.

The fresh new COVID-19 pandemic resulted in an unprecedented market meltdown you to definitely inspired families’ financial ranks. Considering present JPMorgan Pursue Institute look, the Home Finances Heartbeat leverages de–identified management financial research to analyze changes in cash balances throughout the brand new COVID-19 pandemic and continuing recuperation.