Americans are pausing investments because of the Russia-Ukraine war. Here’s what it could cost them.
Two-thirds of Americans worry the Russia-Ukraine war will hurt their wallets, with nearly half eager to save more cash and 42% delaying investments, according to a survey.
But sitting on cash during periods of stock market volatility may lead to missed opportunities, financial experts say.
The ongoing Russia-Ukraine war is degrading Americans’ financial outlook, sparking the desire to save more and postpone investing, according to a survey from MassMutual. But steering clear of stock market volatility may be a mistake, financial experts say.
Two-thirds of Americans worry the conflict will hurt their wallets, with nearly half eager to save more cash and 42% delaying investments, the report found.
“For a year that started with such hope and optimism, many are extremely concerned about the U.S. economy,” said Amanda Wallace, head of insurance operations with MassMutual, pointing to stress about day-to-day expenses and financial insecurity.
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