man sitting at desk, reviewing finances

America’s financial outlook in the face of a pandemic

Apr 1, 2020
Empower Institute

For many Americans, this uncertain time has turned into an uncertain future.

During an era where social distancing, staying home and self-quarantining are the norm rather than the exception, the global pandemic is changing the way people across the country — and around the world — are living every day.

In fact, as an original survey conducted by the Harris Poll for Empower Retirement reveals, Americans are more stressed about overcoming the financial strain of a poor economy than they are of actually catching COVID-19 itself. Overall, 82% are worried about the long-term impact of a potential recession in the United States.

Now more than ever, there is an opportunity to offer advice and restore optimism as individuals adjust to today’s current culture.

Key findings:

  • Many adults remain unsure on how today’s crisis affects their savings strategy
  • Investors appear content on “staying the course” despite volatility in market
  • Employees want guidance from their employer on how to manage their retirement account
research paper download

 Download the Research Paper

Latest Empower Institute Articles

Carefully consider the investment option’s objectives, risks, fees and expenses. Contact Empower Retirement for a prospectus, summary prospectus for SEC registered products or disclosure document for unregistered products, if available, containing this information. Read each carefully before investing.

Securities offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. GWFS is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment adviser, Advised Assets Group, LLC. Investing involves risk, including possible loss of principal. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice.

IMPORTANT: The projections, or other information generated on the website by the investment analysis tool regarding the likelihood of various investment outcomes, are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. The results may vary with each use and over time.

Insurance products are issued by or offered through Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; or in New York, by Great-West Life & Annuity Insurance Company of New York, Home Office: New York, NY. Guarantees are subject to the terms and conditions of the contract and the claims-paying ability of the insurer.

The Empower Institute is a research group within Empower Retirement, LLC.

All features may not currently be available and are subject to change without notice. ©2020 Empower Retirement, LLC. All rights reserved.

Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government Agency.