In 2020, almost half of Americans believed that cash or money markets funds were the best financial defense against economic uncertainty. Only eight percent of Americans thought that index funds were good at providing necessary financial security. The COVID-19 pandemic has caused significant uncertainty and volatility across the global economy, and the majority of adults were uncertain about their country's ability to recover as of April 2020.
Most popular financial defense according to consumers during economic uncertainty in the United States in 2020
This question was phrased by the source as follows: "Which of the following products do you view as the best financial defenses against economic uncertainty or market volatility?"
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Northwestern Mutual. (April 1, 2020). Most popular financial defense according to consumers during economic uncertainty in the United States in 2020 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1176388/best-financial-defense-economic-uncertainty-usa/
Northwestern Mutual. "Most popular financial defense according to consumers during economic uncertainty in the United States in 2020." Chart. April 1, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1176388/best-financial-defense-economic-uncertainty-usa/
Northwestern Mutual. (2020). Most popular financial defense according to consumers during economic uncertainty in the United States in 2020. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1176388/best-financial-defense-economic-uncertainty-usa/
Northwestern Mutual. "Most Popular Financial Defense According to Consumers during Economic Uncertainty in The United States in 2020." Statista, Statista Inc., 1 Apr 2020, https://www.statista.com/statistics/1176388/best-financial-defense-economic-uncertainty-usa/
Northwestern Mutual, Most popular financial defense according to consumers during economic uncertainty in the United States in 2020 Statista, https://www.statista.com/statistics/1176388/best-financial-defense-economic-uncertainty-usa/ (last visited December 22, 2024)
Most popular financial defense according to consumers during economic uncertainty in the United States in 2020 [Graph], Northwestern Mutual, April 1, 2020. [Online]. Available: https://www.statista.com/statistics/1176388/best-financial-defense-economic-uncertainty-usa/