man in tiny boat trying to row away from sharks (Photo: Shutterstock)

Even before the COVID-19 outbreak led to massive numbers of unemployed workers and a significant downturn in the US economy, Americans struggled to save enough to provide a financial cushion to weather the storm.

Two recent studies by Northwestern Mutual found that one-third of Americans were within “three missed paychecks” of not being able to pay bills or having to take out loans to survive, and that debt accumulation was a contributing factor.

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Heather Nevitt

Heather D. Nevitt is the Editor-in-Chief of Corporate Counsel and Global Leaders in Law.

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