The pandemic has changed the way Americans view wealth.
has upended lives and perceptions: The crisis has changed the way Americans view wealth.
“The drop in what Americans think it takes to be wealthy might be a result of people being more grounded about wealth perceptions and goals in such an uncertain environment and coming out of pretty significant market volatility and uncertainty in March and April," said Joe Vietri, Schwab’s senior vice president and head of its branch network.
And although the crisis has forced many people to draw from savings to pay rent and other bills, 36% of those surveyed say they’re more likely to have savings to cover emergency expenses than before the outbreak and 40% say they’re saving more in general. That compares to 21% who say they’re less likely to have both emergency and general savings.
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