62% of Music Community Is Experiencing Financial Difficulty: MusiCares Survey

62% of Music Community Is Experiencing Financial Difficulty: MusiCares Survey
Jem Aswad, provided by
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Some 62% of the respondents to a MusiCares survey launched last fall are experiencing moderately high to very high levels of financial stress, while nearly 35% said they were seeking counseling for depression, anxiety and stress.
51% said they had low to very low confidence that they could afford basic living expenses during the pandemic. In addition to the above statistic on depression, 26% reported experiencing moderate to severe levels of depression, while 53.5% said they were unable to get counseling because they couldn’t afford it.
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The survey, conducted form October 2020 through last month, received 2,835 respondents, with requirements of being 18 years of age or older and having their work in the music industry as their primary source of income for the past five years are more. MusiCares, founded in 1989, is the charitable wing of the Recording Academy.

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