Envestnet | Yodlee COVID-19 Income and Employment Trends


Monitor the financial impact of Covid-19 on Americans through weekly updated insights on key spending and income trends for American households during this unprecedented crisis. These trends utilize aggregated and de-identified data to provide a snapshot of trended patterns nationally, regionally, and locally. View these reports for key learnings or fill out the short form to request the data you require.

Read a related eBook: 7 Key Observations from COVID-19: Income and Spending Trends

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Income & Employment Trends

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Key Insights

Change in Net Employment for Select Sectors by Income

  • Net employment for the consumer discretionary sector has improved across most regions.
  • The decline remains the highest in the Northeast, fueled by consumer services businesses (leisure, restaurants, and hotels, etc.).​

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Key Insights

Retailing: Change by Income Group

  • The retailing industry including apparel and specialty retail (e.g. food/staples retail) saw a decline across the board with a sharp decline in employment levels in the lower income groups through June 2020.​
  • From July, there has been a increase in employment levels across all income groups especially highest income group.​

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Key Insights

Drill Down Employment Trends

  • Consumer services employment in New York fell more than the average nationally since May and remains depressed on a comparative basis.​
  • However, nationwide, these declines have generally lessened on a sequential basis through March ‘21.​

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We’re Here to Help Your Businesses Navigate This Crisis


Protecting the personal information of those who use our services is a top priority for Envestnet | Yodlee.

We adhere to leading industry practices for data security, regulatory compliance, and privacy, and employ systems that monitor and remove all known identifiers from data elements that are collected. We also follow and adhere to applicable laws and industry guidance regarding the use of consumer data, including the newly enacted California Consumer Protection Act (CCPA), which further outlines processes and procedures for handling de-identified data. We are also subject to examination by the U.S. Federal Banking Agencies, per the Bank Service Company Act, for the services provided to U.S. financial institutions. Additionally, we employ proprietary and third-party technical controls, such as encryption, to protect data while it resides on our systems, and further ensure protection of consumer anonymity.

For our data analytics offerings, Envestnet | Yodlee imposes technical, administrative, and contractual measures to protect consumers’ identities, such as prohibiting analytics and insights users from attempting to re-identify any consumer from the data. Importantly, Envestnet | Yodlee does not sell data that identifies consumers. Read More.


Envestnet | Yodlee COVID-19 Income and Spending Trends provides a bi-weekly updated report on key spending, savings, and income trends for American households during this unprecedented crisis. These trends utilize aggregated and de-identified data to provide a snapshot of trended patterns nationally and regionally. Specifically, the trends include data on these topics:

  • Discretionary spending patterns
  • Spending trends by type including staples & transportation
  • Net employment trends
  • Employment impacts by industry

Envestnet | Yodlee COVID-19 Income and Spending Trends utilize de-identified transaction data from a diverse and dynamic set of data from millions of accounts to identify patterns and context to inform spending and income trends. The trends reflect analysis and insights from the Envestnet | Yodlee data analysis team.

We aim to refresh these select reports monthly. Should you need more current information, please fill out the form.

The economic impact of the Covid-19 pandemic is unprecedented. As policymakers at all levels of government, as well as businesses and individuals, must make decisions in the weeks and months ahead to respond to the crisis, insights and analytics can be an incredibly powerful and informative tool. As the leading provider of these types of financial insights and analytics, Envestnet | Yodlee introduced the COVID-19 Income and Spending Trends to better inform regulators, business leaders, and consumers with the hope that these insights can be useful in making informed decisions towards helping us all navigate through this crisis.