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 financial advis