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Adversity often shapes a person’s financial philosophies, and the COVID-19 pandemic is expected to become one of those defining events, like the Great Depression and the financial crisis of 2007-2009, that changes the way generations feel about money.

This is particularly true for women, many of whom are prioritizing financial security and resiliency as a result of the pandemic, according to a new study by Capital Group titled Women’s Financial Futures: New financial philosophies taking shape post-COVID-19. The report, which surveyed 2,000 American women and 500 men, found that women — especially women of color and millennials — have been unevenly impacted by the pandemic. Since the beginning of the pandemic, women have been more likely to lose their jobs and remain out of work months later, spotlighting the fact that the health crisis has also been a financial crisis for women, said the study.

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