Census: Household Pulse Survey shows 34.9% of Households Expect Loss in Income; 25.9% Concerned about Housing

Note: The details in the pulse survey this week are concerning - especially about loss in income and concern about housing. First, from @ernietedeschi The @uscensusbureau Household Pulse Survey, which performed admirably in anticipating the June jobs report, now shows employment has fallen by about 1.3 million cumulatively over the last 2 weeks. Some of this may be seasonality or survey error, but it merits pause nonetheless. This graph is from Ernie Tedeschi (former US Treasury economist). Note: The question on lost income is always since March 13, 2020 - so this percentage will not decline. ......(read more)

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