A new survey finds that 51% of the middle-income families who have been financially impacted by the economic fallout of the coronavirus pandemic are concerned about running out of money to pay for basic necessities by year-end. The national survey released by Primerica, a leading provider of financial services to middle-income families in North America, gauges the financial outlook and preparedness of those with annual household incomes of $30,000-$100,000.
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“Primerica’s representatives are focused on helping middle-income families across North America during this difficult period.”
The study also reveals that 61% of middle-income Americans have had to cut spending in the wake of the pandemic, but fewer (53%) of those who had previously met with a financial professional have had to cut their overall spending.
“Primerica’s survey reaffirmed the importance of financial education and guidance in helping middle-income families safeguard their financial futures. These families are resilient, and we are encouraged that so many took steps to prepare for the unexpected,” said Glenn J. Williams, CEO of Primerica. “Primerica’s representatives are focused on helping middle-income families across North America during this difficult period.”
