Financial Anxiety Is Up Around the Globe
And many households are woefully unprepared for the next economic crisis.
What happens when it all runs out?
Photographer: Justin Tallis/AFP via Getty Images
This article is for subscribers only.
As the world reels from the fiscal shockwaves of Covid-19, a new 26-country survey suggests that many people are perilously unprepared for a major economic jolt.
According to the Organization for Economic Cooperation and Development’s 2020 International Survey of Adult Financial Literacy, 42% of the 125,787 adults polled reported worrying about meeting everyday expenses; 40% were concerned about their financial situation; and 37% reported they were just getting by.