To spend or not to spend? How COVID-19 is impacting Americans’ financial concerns
By: Erinn Newman
VP - Insight Director
As stay-at-home orders ease around the U.S. and phased openings kick into high gear, we’re seeing high unemployment rates, but are hopeful that many will be able to return to gainful employment.
Are you wondering how COVID-19 has impacted people’s financial concerns? Mower polled 1,000 U.S. adults to learn how they feel about the impact on the economy, their employers’ finances and their own wallets.
Financial impact on the economy topped the list of concerns, with 49% of respondents saying this was a major worry as the country begins to open back up. 55% of respondents plan to focus more on budgeting/savings, while 13% won’t keep themselves from making at least some of the purchases that make them happy, because you never know what the future holds (YOLO).
To find out some of the other financial concerns, check out our infographic below.