The COVID-19 Economic Crisis Isn’t Going Anywhere, And SaverLife Members Know It
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In April, we saw a significant spike in the number of members saving $100 or more. That percentage has dropped significantly in May, but it’s still higher than a year ago. From our perspective, members are preparing for the financial perfect storm coming when unemployment benefits run out and prospects remain weak. A recent poll revealed that 82% of members are unemployed, furloughed, or have had their hours reduced. And members know they still need to pay rent, utilities, and catch up on delayed healthcare and car maintenance expenses.
