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?"
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 November 21, 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 November 21, 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: November 21, 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 November 21, 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/