America’s financial outlook in the face of a pandemic
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.
- 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
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For many Americans, the current pandemic has caused a current state of financial instability and insecurity.
Research shows that those who receive financial advice are more likely to stay on track with their long-term investing strategies.
While many workers remain unclear on the financial benefits an HSA can provide, there is a clear opportunity for employers to offer more essential education.