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Prosperity Now: Responding to Client’s “Now, Soon, & Later” Needs
March 3 @ 2:00 pm - 3:30 pm
Prosperity Now is hosting a webinar on Responding to Client’s “Now, Soon, & Later” Needs on Wednesday, March 3rd, from 2:00 PM to 3:30 PM.
The COVID-19 pandemic has upended the American economy, and in doing so, has underscored the critical role that savings play in ensuring financial stability and security. Before the pandemic, more than 45 million households were liquid asset poor and lacked the financial security to weather a sustained crisis. Further, households including low- and hourly-wage earners, racial and ethnic minorities, immigrants, and women were more likely to have less in savings and therefore were more vulnerable. During the pandemic, savings have increased on average–in part because of Economic Impact Payments from the CARES Act and expanded unemployment insurance. But for too many, these supports were inaccessible or simply not enough to maintain financial stability during the crisis. The result in 2021 is a complicated picture, where low- and moderate-in income (LMI) household savings needs vary considerably based on many factors, including their occupations and their vulnerability prior to the crisis.
Click here to learn more and register.