In the News—75% of Americans adjusting finances due to the pandemic.
“75% of Americans are adjusting their finances due to the pandemic."
I was recently invited by CUES to give a presentation to their executive and director members at their virtual conference. I presented “How to Reach Gen Z”.
As I was updating some statistics, I found an intriguing article that stated 75% of Americans “are taking steps to adjust their finances due to the current outbreak.”
It also quoted these striking statistics:
88% of Americans report the pandemic is causing stress on their personal finances
54% say they’re worried about not having adequate savings
48% are worried about their ability to pay bills
“Financial education will play a pivotal role in the economic recovery of our country.”
As we look ahead to a forecast of worsening pandemic numbers over winter, credit unions are in a unique position to help members who might be struggling with some of the stresses mentioned above.
Providing financial education and guidance goes hand in hand with providing financial assistance, especially for young families being hit hard in this economy.
Here are three key topics that should be in your financial education program. Click any of them to see the pieces each topic could include to make online learning easy:
Nala
Nala Henkel-Aislinn heads up new business development at Currency Marketing and is passionate about spreading the word about the It's a Money Thing Financial Education Program that credit unions from around North America are using to connect with new young adult members.
