This year might have shown many that they aren't ready to weather an unexpected storm and for millions living paycheck to paycheck, experiencing anything different takes a tremendous effort to change. Still, saving money is now a priority for many who want to be better off the next time anything like COVID-19 comes around again or someone in their family unexpectedly loses their job, or worse.
For some, COVID-19 brought some financial reflection, this year was a time to reflect on their own individual financial circumstances and now many are looking to cut back and get better with money.
The same survey found that many people feel they aren't meeting their financial goals, especially when it comes to saving for the future and retirement, at least 60 percent felt like they were falling behind. For many that is because of the surprising financial strain that 2020 brought along with it, forcing thousands of businesses to close and millions to lose jobs.
The second round of stimulus checks that are expected to eventually be sent out might also give millions another chance to pay off debt or save something on the side, as that's what many people decided to do with the first round of stimulus checks that came out.
Things might not look as bad right now as they did back in March as far as businesses up and running or shelves back to being full, but for millions they are still facing outstanding debts, are months behind in rent, are struggling to find work, and are running out of savings.