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The economic challenges caused by the coronavirus pandemic have grown worse since the spring for many American families, with an increasing number reporting that they have trouble paying bills, according to a new RAND Corporation study.
Surveyed several times over the course of the pandemic, nearly 45% of study participants report that they had difficulty paying bills at some point since February and 13% reported it had been been very difficult to pay bills at some point during the period.
Preliminary results from another wave of the survey conducted in early December suggests that many people plan to spend less than usual on holiday gifts this year, which also could indicate continuing financial hardship.