Angrisani, MarcoBurke, JeremyKapteyn, Arie2023-05-232023-05-232022-02-012022-02-14https://repository.upenn.edu/handle/20.500.14332/44119The coronavirus pandemic has had enormous effects on the U.S. economy due to governmental mandates temporarily closing businesses and schools, and individuals remaining home due to fears of infection. In response, policymakers expanded unemployment benefits and passed legislation providing many people with Economic Impact Payments. As a result, many Americans’ financial stability actually improved early in the pandemic, both in subjective measures, like financial satisfaction, and more objective measures, like financial fragility and savings behavior and balances.The findings and conclusions expressed are solely those of the authors and do not represent the views of SSA, any agency of the federal government, the Michigan Retirement and Disability Research Center, or any of the other above-named institutions. We rely in part on data collected by the U.S. Financial Health Pulse project. TIAA Institute is a division of Teachers Insurance and Annuity Association of America (TIAA), New York, NY. . ©2022 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017pandemicfinancial stabilitysavingsinequalityEconomicsWorking Paper