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Half of Americans’ Financial Security is Worse Since Pandemic Began

Trade News by Trade News
April 29, 2020
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Half of Americans’ Financial Security is Worse Since Pandemic Began
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New COUNTRY Financial Survey Finds Many Americans Prioritizing Day-to-Day Survival Over Long-Term Financial Goals

BLOOMINGTON, Ill., April 29, 2020 /PRNewswire/ — As the COVID-19 pandemic spreads across the United States, shuttering businesses and driving millions to file for unemployment, Americans’ finances are being hit harder than ever.  

According to a new COUNTRY Financial® survey, nearly half (49 percent) of Americans say their level of financial security is worse since the COVID-19 pandemic began. One-third (33 percent) admit they were not financially prepared for a pandemic.

While the pandemic has set many Americans back, it also presents an opportunity to regroup and get on the right financial track.

“If you haven’t developed a financial plan, now is the time to kick planning into high gear and assess what your short-term and long-term goals are,” said Troy Frerichs, Vice President of Investment Services at COUNTRY Financial. “If you have developed a plan but…



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Tags: AmericansbeganFinancialPandemicsecurityworse
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