Do Defaults Limit Consumer Response to Rainy-Day Funds?

Do Defaults Limit Consumer Response to Rainy-Day Funds?

The American College of Financial Services
Yahoo! Finance
November 25, 2020

With the financial pressures facing many Americans during the COVID-19 pandemic, one of the most pressing questions has been how active everyday savers and investors should be in managing their money. WMCP® program director Michael Finke says while the answer depends on the individual investor, many more people should consider leveraging their savings on hand, such as 401(k) accounts, and pandemic-era relief plans to add liquidity to their income.

Hear more from Finke on his research in this interview with Yahoo! Finance.

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