232 National Financial Literacy Month - Day 25 - The Impact The Pandemic Has On Your Finances

Not only was COVID-19 devastating in 2020, but it is also having
an impact on people's finances to this day.  The question
people ask is, "Is the pandemic causing stress in their lives and
with their finances?"  


No doubt about it, people are experiencing mental health issues
as a result of the debt they have. The more debt, the more
anxiety, stress, and depression people are experiencing.


Financial education will play a critical role in the U.S economy
turning around as the pandemic abates. A pivot continues to take
place within our community of financial educators and advocates
to keep services available to teachers and learners, as well as
develop plans to respond to the millions who will need financial
education as they work toward recovery.


The pandemic continues causing stress for people and their
personal finances. More than half (54%) of people say they’re
worried about not having enough money saved, while almost half
(48%) are worried about their ability to pay bills. 


Financial education alone is not enough to foresee economic
challenges or remedy a financial crisis. Leveraging the
coronavirus outbreak to demonstrate the ineffectiveness of
financial education and blaming the individual for not having
emergency savings or financial resources to get through this is
irresponsible.  Continue discovering  as much as
possible so you become financially literate and over time
everything will work in your favor.


Learn about Paul Lawrence Vann's digital Financial Fitness
course, it is being offered at a 50% discount throughout the
month of April, National Financial Literacy Month, here is the
link:  https://bit.ly/3dbperG