Most Investors Recover From Even the Worst Financial Setbacks, Survey Shows
Managing money is difficult enough as is, but the coronavirus pandemic has only made things more challenging. Tens of millions of Americans have lost their jobs over the past few months, investors have watched their portfolios plummet, and the future is still uncertain.
As unpleasant as they are, financial setbacks are a part of life. Only the most fortunate people are able to escape them altogether, and most of us will experience at least one major setback at some point.
In fact, around 73% of investors say they've experienced a significant financial setback, according to a survey from Ameriprise Financial. Some of the most common setbacks included job loss, stock market investment losses, pay cuts, and making bad financial decisions. Among those who have experienced a financial setback, just over one-third say the setback cost them at least $100,000.
Source Fool.com
