Clouds on the horizon
Expectations for the future are very bad, the “banked” ones believe that the economic situation and financial strength will worsen. The same slice of respondents who wear investors’ shoes also think the same. The coronavirus affair will have a negative impact in the medium to long term with a drop in demand in many areas of consumption. The weight of the coronavirus is felt. Concerns include pandemics and infectious diseases, recession and unemployment, financial shocks, climate change. Investments are not immune: half of the respondents are seriously worried about their money given the trend in international financial markets.
What to do with investments
Half of the respondents believe that they will freeze their investments and postpone non-essential purchases. Doing so will help increase the households’ savings capacity. The emergency is frightening and to better counter it, save money.
Interest in ESG issues
The health emergency brought bankers closer to the investment issues Environment, Social, Governance, acronym ESG. The choices to be made also take into consideration these investments for which there was not much interest before. There are people who are more interested in understanding the quality of sustainability of ESG funds and the companies in which they invest regardless of performance. “Banked” adults are worried about their money as the economic situation evolves but meanwhile they wink at ESG investments.