Thirty-seven percent of Americans now believe the coronavirus will negatively affect their personal financial situation, suggests a poll conducted by market research firm Ipsos, and that number likely will get even higher as the virus shows no signs of slowing down, experts say.
Although it still remains to be seen how much of a lasting financial effect the virus will have, Ipsos experts suggest that even the perception of a financial effect could disrupt the market.
“A third of Americans say they think the coronavirus will have a financial impact on their family, according to our Ipsos survey conducted through March 2,” said Chris Jackson, vice president of public affairs at Ipsos. “And while there are not strong differences in that sentiment by age, with the market’s volatility people relying on investments for living expenses are going to be particularly strongly affected.”
Further, with the majority of senior living communities serving mostly private-pay residents, if people’s finances are affected — or even just perceived to be affected — it likely will affect their ability to move into a senior living community.
The poll surveyed 1,000 individuals in each of 10 countries, including the U.S., Canada, France, Italy, Japan, Russia, the U.K. and Russia. Vietnam topped the list in terms of level of concern, with 78% of those polled reporting that they believed the virus would personally affect their finances.
Full findings from the poll can be found here.
