Social challenges

People are worried about jobs, finances & the future

12/05/2021 JPG

In a recent OECD survey, 44% of households report having at least one member whose work had been disrupted by the crisis – such as by a job loss, a lay-off, a retention scheme, reduced working hours, unpaid leave or resignation.

People are concerned about their overall financial, social and economic well-being and that of their families. Many say they haven’t been able to cover usual expenses, such as rent, mortgage, utilities or credit card bills. Many are unsure if they have the right skills and knowledge to secure a good quality job in the next decade.

People are also worried about adequate long-term care for their elderly relatives and about whether they themselves will be able to afford to retire one day.

Source: Risks that matter: The long reach of COVID-19