3 reasons why this is financial wellbeing's watershed moment

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Navigating the COVID-19 pandemic has been challenging for people in every corner of the country, at every income level. That is why supporting all aspects of wellbeing – mental, physical, social and financial – are more important and necessary than ever. Since March 2020, people’s financial wellness has been suffering.

At the height of the pandemic, unemployment rose to a high of 16% according to the government’s estimates. And, as Pew Research reports, that is a higher rise in three months than in two years during the Great Recession. Furthermore, volatility of the financial markets is causing distress over future savings, and people’s spending patterns have changed dramatically along with their daily routines.