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More Women Prioritize Day-To-Day Expenses Because Of COVID-19


More Women Prioritize Day-To-Day Expenses Because Of COVID-19
Radnor, Pa., March 8, 2021 – One-third of women say they are struggling to make ends meet, according to new research from Lincoln Financial Group. The company’s January 2021 Consumer Sentiment Tracker found that while men are more focused on financial issues like the impact of taxes, stock market volatility and long-term-care expenses, women report the pandemic has resulted in a greater focus on their day-to-day finances (71%) rather than planning for the future.
Mastering The Financial Balancing Act
The events of the last year have caused a change in mindset for all Americans. However, the Lincoln study found the COVID-19 crisis has hit women harder financially with more frequent job impacts than men (35% vs. 28%), driving their top concerns of covering day-to-day expenses (34%) and a lack of emergency savings (45%). As men are taking on more strategic long-term financial actions like meeting with a fin ....

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La Covid revoluciona el gasto de los consumidores: más en higiene y salud y menos en belleza, ocio y espirituosas

La Covid revoluciona el gasto de los consumidores: más en higiene y salud y menos en belleza, ocio y espirituosas
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Black Americans Report Changing Financial Habits Due to COVID-19


Black Americans Report Changing Financial Habits Due to COVID-19
The racial wealth gap underscores a need for financial education and access to advice something retirement plan sponsors can provide.
Reported by
Black Americans have been disproportionately impacted by COVID-19 and that’s also affected their spending and savings habits.
While the coronavirus pandemic produced financial challenges for many American workers, Black consumers were impacted at more severe rates, a new study from Lincoln Financial Group has found. According to the company’s October 2020 Consumer Sentiment Tracker, which was released this week, Black consumers (32%) were most likely to have experienced job loss due to the pandemic and, thus, lack appropriate emergency savings (42%) and funds to cover everyday expenses (41%). ....

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