How COVID-19 Has Disrupted the Financial Course for Women
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- The coronavirus pandemic has been descibed as the most stressful time for workers globally, one that has plunged the world into a financial crisis much deeper than the Great Depression
- Women have, however, been most affected by the pandemic's economic onslaught. According to a new study by Capital Group titled Women's Financial Futures: New financial philosophies taking shape post-COVID-19, women of color and millennials have been disproportionately affected by the pandemic. Since the pandemic began, women have been more likely to lose their jobs and remain out of work for months. Women are also more likely than men to experience anxiety and physical problems as a result of these financial shortfalls
- The study, which surveyed 2,000 American women and 500 men, has revealed how women are adapting their financial philosophies in response to these unprecendented financial challenges