When the COVID-19 pandemic reached the U.S. in 2020, the public health crisis was accompanied by an economic disaster as well. For many, one of the biggest worries was housing, with homeowners concerned about falling behind on mortgage payments.
Access to affordable, quality housing is associated with a variety of positive economic and social outcomes. But historically, affordable housing has been out of reach for many.
These varying experiences of COVID-19 across professions reflect the larger fact that every job has different levels and types of risk inherent in the work.
One of the major housing market trends that has emerged from the COVID-19 pandemic is a preference for single-family housing, and this increased demand is driving a surge in new home construction.
After a full year of working and schooling from home—and with many employers considering whether to continue remote work arrangements even after the pandemic is under control—living space is at a premium.
One in 16 Americans will be diagnosed with lung cancer in their lifetimes. On an annual basis, around 230,000 new lung cancer diagnoses occur in the U.S.—the equivalent of one every 2.3 minutes.
The increased use of renewable energy sources will pass on savings to consumers. The cost of electricity is also projected to decline in the next three decades, albeit gradually.
While drivers have been spending less time on the roads over the past year due to the COVID-19 pandemic, preliminary data from the National Highway Traffic Safety Administration suggests that 2020 saw an uptick in traffic fatalities.
Despite some improvement, low rates of homeownership among minority households is both a result of and a cause of continued wealth inequality, which has only grown worse over the past several decades.
In recent years, trends have pointed toward re-urbanization, with more people leaving the suburbs to return to cities, attracted by the amenities and economic opportunities available in urban centers.
With air travel still suppressed in the wake of COVID-19, those making holiday travel plans will likely be traveling by car. Increased road travel raises the risk for accidents and road fatalities, making holidays a particularly dangerous time to travel.