Variations in the financial impact of the COVID-19 pandemic across 5 continents: A cross-sectional, individual level analysis

Primer Autor
Khetan, Aditya K.
Co-autores
Yusuf, Salim
Lopez-Jaramillo, Patricio
Szuba, Andrzej
Orlandini, Andres
Mat-Nasir, Nafiza
Oguz, Aytekin
Gupta, Rajeev
Avezum, Alvaro
Rosnah, Ismail
Poirier, Paul
Teo, Koon K.
Wielgosz, Andreas
Lear, Scott A.
Palileo-Villanueva, Lia M.
Seron, Pamela
Chifamba, Jephat
Rangarajan, Sumathy
Mushtaha, Maha
Mohan, Deepa
Yeates, Karen
McKee, Martin
Mony, Prem K.
Walli-Attaei, Marjan
Khansaheb, Hamda
Rosengren, Annika
Alhabib, Khalid F.
Kruger, Iolanthe M.
Paucar, Maria-Jose
Mirrakhimov, Erkin
Assembekov, Batyrbek
Leong, Darryl P.
Título
Variations in the financial impact of the COVID-19 pandemic across 5 continents: A cross-sectional, individual level analysis
Editorial
ELSEVIER
Revista
ECLINICALMEDICINE
Lenguaje
en
Resumen
BackgroundCOVID-19 has caused profound socio-economic changes worldwide. However, internationally comparative data regarding the financial impact on individuals is sparse. Therefore, we conducted a survey of the financial impact of the pandemic on individuals, using an international cohort that has been well-characterized prior to the pandemic. Methods Between August 2020 and September 2021, we surveyed 24,506 community-dwelling participants from the Prospective Urban-Rural Epidemiology (PURE) study across high (HIC), upper middle (UMIC)-and lower middle (LMIC)-income countries. We collected information regarding the impact of the pandemic on their self-reported personal finances and sources of income. Findings Overall, 32.4% of participants had suffered an adverse financial impact, defined as job loss, inability to meet financial obligations or essential needs, or using savings to meet financial obligations. 8.4% of participant shad lost a job (temporarily or permanently), 14.6% of participants were unable to meet financial obligations or essential needs at the time of the survey and 16.3% were using their savings to meet financial obligations. Participantswith a post-secondary education were least likely to be adversely impacted (19.6%), compared with 33.4% of those with secondary education and 33.5% of those with pre-secondary education. Similarly, those in the highest wealth tertile were least likely to be financially impacted (26.7%), compared with 32.5% in the middle tertile and 30.4% in the bottom tertile participants. Compared with HICs, financial impact was greater in UMIC [odds ratio of 2.09 (1.88 -2.33)] and greatest in LMIC [odds ratio of 16.88 (14.69-19.39)]. HIC participants with the lowest educational attainment suffered less financial impact (15.1% of participants affected) than those with the highest education in UMIC (22.0% of participants affected). Similarly, participants with the lowest education in UMIC experienced less financial impact (28.3%) than those with the highest education in LMIC (45.9%). A similar gradient was seen across country income categories when compared by pre-pandemic wealth status. Interpretation The financial impact of the pandemic differs more between HIC, UMIC, and LMIC than between socio-economic categories within a country income level. The most disadvantaged socio-economic subgroups in HIC had a lower financial impact from the pandemic than the most advantaged subgroup in UMIC, with a similar disparity seen between UMIC and LMIC. Continued high levels of infection will exacerbate financial inequity between countries and hinder progress towards the sustainable development goals, emphasising the importance of effective measures to control COVID-19 and, especially, ensuring high vaccine coverage in all countries. Copyright (c) 2022 The Author(s). Published by Elsevier Ltd.
Tipo de Recurso
artículo original
doi
10.1016/j.eclinm.2022.101284
Formato Recurso
PDF
Palabras Claves
DISEASES
INCOME
Ubicación del archivo
Categoría OCDE
Medicina general e interna
Materias
ENFERMEDADES
INGRESOS
Disciplinas de la OCDE
Economía
Sociología
Política de Salud y Servicios
Título de la cita (Recomendado-único)
Variations in the financial impact of the COVID-19 pandemic across 5 continents: A cross-sectional, individual level analysis
Identificador del recurso (Mandatado-único)
artículo original
Versión del recurso (Recomendado-único)
version publicada
Condición de la licencia (Recomendado-repetible)
0
Derechos de acceso
acceso abierto
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acceso abierto
Id de Web of Science
WOS:000787041800004
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