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. 2022 Mar 7;56(1):276–291. doi: 10.1111/joca.12443

TABLE 6.

Respondents' use of savings during COVID‐19 based on income bracket

Amount of savings spent to cover COVID‐19 expenses f (%)
Income bracket None Small Moderate Substantial All of it
$29,999 or less 22 (4.2) 13 (2.5) 11 (2.1) 5 (1.0) 22 (4.2)
$25,000–$49,999 36 (6.8) 23 (4.3) 23 (4.3) 10 (1.9) 21 (4.0)
$50,000–$74,999 40 (7.6) 34 (6.5) 25 (4.7) 16 (3.0) 15 (2.9)
$75,000–$149,999 68 (12.9) 37 (7.0) 22 (4.2) 17 (3.2) 11 (2.1)
$150,000–$249,999 13 (2.5) 7 (1.3) 7 (1.3) 2 (0.4) 5 (1.0)
$250,000 or more 5 (1.0) 11 (2.1) 3 (0.6) 2 (0.4) 0 (0.0)