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Best financial defense during economic uncertainty in the U.S. 2020

In 2020, almost half of Americans believed that cash or money markets funds were the best financial defense against economic uncertainty. Only eight percent of Americans thought that index funds were good at providing necessary financial security. The COVID-19 pandemic has caused significant uncertainty and volatility across the global economy, and the majority of adults were uncertain about their country's ability to recover as of April 2020.

Most popular financial defense according to consumers during economic uncertainty in the United States in 2020

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Sources

Release date

April 2020

Region

United States

Survey time period

February 12 to 25, 2020

Number of respondents

2,650 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "Which of the following products do you view as the best financial defenses against economic uncertainty or market volatility?"

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Statistics on "Coronavirus: impact on the global economy"

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