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Worried about how coronavirus will impact your pocketbook? You're not alone

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Vanderbilt.edu
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NASHVILLE, Tenn. (Mike Osborne)  --  Tennessean’s are deeply worried about contracting coronavirus, but even more worried about its impact on the economy and their personal finances.

A new Vanderbilt statewide poll reports 60 percent of those surveyed are either “very” or “somewhat” worried about contracting COVID-19, or having a loved one fall ill.

However, the survey found that 64 percent of respondents believe the pandemic’s economic impact is a problem in their communities. Nearly one-third of those surveyed say they’re worried about paying bills. Even higher percentages are concerned about having sufficient funds to cover emergencies, or being able to save for education or retirement.

Vanderbilt pollsters say one survey respondent in 10 reports having already been forced by the crisis to take on more debt, apply for unemployment benefits, or is struggling to pay for housing.

The poll notes virus-related economic concerns are most strongly expressed by Tennesseans making less than $45,000 a year, and people of color.

In spite of their concerns, most Tennesseans are satisfied with the way national, state and local leaders have responded to the health crisis. Just over half approve of the way President Donald Trump has approached the pandemic. Sixty-five percent approve of how Gov. Bill Lee has handled response at the state level. Seventy-five percent believe their local officials have reacted appropriately.

The Vanderbilt Poll surveyed 1,000 registered voters statewide and was conducted between May 5 and 22. The poll has a margin of error of plus or minus 3.8 percent. You can review the complete poll results here.

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