3 Dangerous Financial Moves Americans Are Making Due to COVID-19
Now that COVID-19 has been active in the U.S. for a solid three months, the financial effects of the crisis are becoming increasingly evident. Of course, it's hard to gloss over the fact that unemployment levels have been in double digit territory for the past two months, but even those who haven't lost income may be struggling in other ways, and taking steps to cope with the financial stress they may be under.
TD Ameritrade, in fact, just released a survey that highlights some of the moves Americans are making in light of the pandemic, and while it did find that 16% of U.S. adults are increasing retirement plan contributions, it also unearthed some disturbing trends. Here are three that are particularly discouraging.
Image source: Getty Images.
Source Fool.com
