How people are responding to crisis financially

A new survey has found that 60% of adults are concerned about their finances over the next six months.
The study by Fidelity shows that people are taking steps to improve their financial goals.

  • 48% are cutting back on non-essential spending.
  • 44% are working to boost emergency savings.
  • 15% are investing more money in the stock market. Very low stock prices on solid companies have made cash investing attractive. However, according to Motley Fool, people should only invest money that they won’t need for at least seven years.