Table 1

Associations between assets, probable depression and COVID-19 financial stressors in US adults

SampleProbable depressionCOVID-19 financial stressor exposureJob lossJob loss of a household memberFinancial difficultiesDifficulty paying rent
n%%P value%P value%P value%P value%P value%P value
Total144110027.840.012.718.927.314.4
Education
 Less than high school graduate659.829.2<0.00150.5<0.00123.50.00426.10.030137.90.00123.2<0.001
 High school graduate or GED27427.935.048.515.122.833.919.3
 Some college63727.832.041.813.519.928.315.7
 College graduate or more46534.518.328.87.112.918.17.0
Marital status
 Married71247.818.3<0.00134.70.0028.90.00217.90.486320.9<0.0019.2<0.001
 Not married72952.236.544.916.219.833.119.3
Household income
 $0–$19 99924619.846.9<0.00157.1<0.00117.10.00123.70.045845.3<0.00125.4<0.001
 $20 000–$44 99935725.831.149.120.023.233.918.5
 $45 000–$74 99935725.123.333.08.614.520.310.5
 ≥$75 00044729.316.927.17.916.015.86.9
Household savings
 $0–$499957743.240.4<0.00154.9<0.00115.90.01221.40.038643.2<0.00124.3<0.001
 $5000–$99991309.127.744.919.026.828.814.4
 $10 000–$19 9991237.721.937.918.922.415.17.3
 ≥$20 00056640.016.924.77.914.313.45.6
Home ownership
 Renter52932.036.4<0.00150.6<0.00112.70.63620.70.191335.1<0.00125.3<0.001
 Owner85068.023.033.811.516.922.48.4
  • Data: The COVID-19 and Life stressors Impact on Mental Health and Well-being (CLIMB) study collected from 31 March 2020 through 13 April 2020 (n=1441). Nationally representative of US adults ages 18 years and older. Percentages are weighted. CLIMB missing data: household income (n=34), household savings (n=45), home ownership (n=62) and all COVID-19 stressors (n=3).

  • Two-tailed χ2 analysis conducted for significance testing. Frequencies (n) are unweighted. Percentages are weighted.

  • COVID-19 financial stressor exposure signifies that a person experienced at least one of the following COVID-19 stressors: losing a job, having a family member lose a job, having financial difficulties and having difficulty paying rent.

  • Probable depression defined as Patient Health Questionnaire-9 score cut-off of ≥10.

  • GED, general education diploma.