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Americans Feel Financially Prepared for Another Dow Drop, But Don’t Have a Plan

The Dow Jones Industrial Average recently suffered two daily drops of more than 1,000 points. Despite this volatility, a new study from COUNTRY Financial Security Index® reveals that about half of Americans (52 percent) feel financially prepared should it happen again.

Yet surprisingly, only 28 percent of people have a financial plan in place.

Confidence also varies by age and gender. Sixty-five percent of millennials do not consider themselves financially prepared for another down market in comparison to 70 percent of older Americans (age 65+) and men (57 percent) who believe they are equipped to handle a drop.

Further, Americans are unsure how the market will affect their retirement savings. Six in 10 Americans (61 percent) are “not sure” of how long their retirement might be delayed should a large 6,000 point drop in the Dow occur.

Doyle Williams, EVP at COUNTRY Financial, will be available live via satellite on Thursday, April 19; between 8am – noon ET to discuss:

Financial literacy tips in advance of Money Smart Week (which is April 21 – 28).
Simple Steps Americans can take to better manage their savings + make a financial plan.
Helpful tips for diversifying assets, preparing for retirement and developing longer-term financial strategies, despite market volatility.

Doyle Williams, Executive Vice President, Country Financial is responsible

for developing and executing all aspects of COUNTRY FINANCIAL’s marketing strategy and provides direction to all distribution channels.

Interview Source: COUNTRY FINANCIAL

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