Lotto247 Survey: 77% Of Indian Adults Lost Income Due to the COVID-19 Pandemic

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2020 has been a challenging year that no one could have predicted would turn out as it did. The outbreak of the COVID-19 pandemic sent economic shockwaves globally, and its impact extended beyond an international health crisis.

The economic effects of the COVID-19 pandemic in India, led to a reduction in economic activities, subsequently forcing businesses to scale or shut down their operations. It resulted in many families being affected due to the sharp increase in unemployment.

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In November 2020, conducted a survey to understand the financial impact the COVID-19 pandemic had on its Indian market. Over 1,700 adults participated in the survey.

The survey found that 77% of economically active adults in India had lost income due to the COVID-19 pandemic.

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According to the findings; The most affected age group were adults in their 40’s. Over 80% of adults in the 40’s lost income as a result of the pandemic.

Compared to those in their 50’s, adults in their 40’s, were less affected. However, 73% of them still lost income.

Those aged 70 and older were the least affected age group. Only 30% of them lost income due to the pandemic.

Men were impacted more than women, according to the survey results. Just under 78% of men reported having lost income, while only 67% of women lost income.

The survey also revealed that divorced adults were greatly affected, with 87.5% losing income. While those in a relationship, but not married, were less affected as only 59% of them lost income About Lotto247 was launched in 2004 and is one of the longest-running licensed online lottery betting sites. Players from India and around the world can partake in record-breaking international jackpots online, including the US Powerball, Mega Millions and more. Since its inception, Lotto247 has paid out over US 17,800,000 in lottery prizes to players across the globe.

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