Financial resiliency survey: The impact of COVID-19 on Americans’ finances
The pandemic has presented major health and economic shocks, and families across the country have felt financial stress. Three thousand Americans weighed in on how this time is shaping their financial security and future retirement.
We polled Americans ages 25-70 with a household income of at least $40,000 to understand what they're experiencing and how to help them move forward.
Here’s what we found:
Americans highlighted the biggest contributors of feeling financially resilient.1
Increasing retirement savings
Individuals value retirement as their #1 financial priority, and 8 in 10 people place importance on guaranteed lifetime income.
Read the full survey results here.
1Methodology: The TIAA Financial Resiliency Survey is an online survey of 3,040 Americans between the ages of 25 to 70 with household income of at least $40,000. The survey was conducted by Greenwald & Associates on behalf of TIAA. The survey was fielded from July 16 to July 29, 2020. The results are weighted by gender, age, household income, education, and race/ethnicity to reflect the distribution of American consumers in these age and income ranges.
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