Nursing & Healthcare News
The Financial Impact of COVID-19 on Nurses
ANA survey finds many are facing budget woes
Has COVID-19 affected your bank account? A new survey from the American Nurses Foundation finds many nurses have taken a financial hit since the pandemic began.
Are You Better Off?
On the surface, it might seem that nurses would be better off than many during an economically devastating pandemic that has many businesses teetering on the edge of bankruptcy. After all, hospitals are essential services, and overall demand for nurses has seldom been greater.
Nonetheless, 56 percent of the more than 10,000 nurses who responded to a national survey conducted in July by the American Nurses Foundation (the philanthropic arm of the ANA) say they’re worse off financially than they were before COVID-19.
While some nurses have been clocking a lot of overtime since the pandemic began, 27 percent say their hours have decreased while 14 percent have been furloughed or lost their jobs. Many nurses are also contending with a loss of household or family income.