Collector - July 2020 - 12

FYI

PERSONALFINANCE

LEADERSHIP

6-7

REALLOCATING DAILY EXPENSES
Last year, economists Emily Gallagher and Jorge Sabat released a report
encouraging low-income households to build an emergency fund of $2,467.
"Once you have at least $2,467 stored away for a rainy day, your probability of
experiencing hardship in the next six months is low and saving an additional dollar
doesn't seem to help reduce that probability very much," Gallagher told MarketWatch.

Number of months it takes an emerging
leader to turn the skills required in their
new job into reliable habits.

Well, that hardship has arrived. As many U.S. consumers struggle to pay essential
bills, the importance of a healthy emergency fund has become crystal clear.
Even before the recent spike in unemployment, 33% of Americans were already
within three missed paychecks of having to either borrow money or skip bills,
according to the 2020 Planning & Progress Study, an annual research project
commissioned by Northwestern Mutual.

Source: VitalSmarts

HIRING

A survey from Country Financial found that nearly half (49%) of Americans say
their level of financial security is worse since the COVID-19 pandemic began.
One-third of respondents reported that they were not financially prepared for the
economic fallout caused by COVID-19 and that since the pandemic started, they
are prioritizing daily survival over long-term financial goals:
CONSUMERS' FINANCIAL PRIORITIES RIGHT NOW

45%
PAY DAY-TO-DAY
EXPENSES

27%

16%

SAVE FOR AN
EMERGENCY FUND

55%

5%

SAVE FOR
RETIREMENT

More than half of companies with an
employee referral program say it's
helped reduce hiring costs.

INVEST IN STOCK
MARKET
Source: Country Financial

CONNECTION

AMERICA'S INTERNET
DESERTS
Last year, the Federal
Communications Commission
estimated that 21.3 million
Americans don't have
access to internet service at
broadband speeds. These
"internet deserts" prevent
people from easily working or
studying from home.
SatelliteInternet.com analyzed
thousands of data points to
find out which states are the
most and least connected to
the internet in 2020.

Source: Clutch

10%
16%

17%

20%

12%

13%
13%

15%

18%

14%

10%
11%

13%

10%

16%

15%

15%

17%

16%

15%

15% 17%

18%

23%

15%
16%

14%

14%

21%
18%

16%

18%
23%
22%

14%

18%
24%

20%

16%
15%

12%

10 BEST STATES
10 WORST STATES

14%

12

11%

% of Households in Each State
That Don't Have Internet

15%
12%
15%
13%
12%

11%
12%
14%


http://www.SatelliteInternet.com

Collector - July 2020

Table of Contents for the Digital Edition of Collector - July 2020

Collector - July 2020 - Cover1
Collector - July 2020 - Cover2
Collector - July 2020 - 1
Collector - July 2020 - 2
Collector - July 2020 - 3
Collector - July 2020 - 4
Collector - July 2020 - 5
Collector - July 2020 - 6
Collector - July 2020 - 7
Collector - July 2020 - 8
Collector - July 2020 - 9
Collector - July 2020 - 10
Collector - July 2020 - 11
Collector - July 2020 - 12
Collector - July 2020 - 13
Collector - July 2020 - 14
Collector - July 2020 - 15
Collector - July 2020 - 16
Collector - July 2020 - 17
Collector - July 2020 - 18
Collector - July 2020 - 19
Collector - July 2020 - 20
Collector - July 2020 - 21
Collector - July 2020 - 22
Collector - July 2020 - 23
Collector - July 2020 - 24
Collector - July 2020 - 25
Collector - July 2020 - 26
Collector - July 2020 - 27
Collector - July 2020 - 28
Collector - July 2020 - 29
Collector - July 2020 - 30
Collector - July 2020 - 31
Collector - July 2020 - 32
Collector - July 2020 - 33
Collector - July 2020 - 34
Collector - July 2020 - 35
Collector - July 2020 - 36
Collector - July 2020 - 37
Collector - July 2020 - 38
Collector - July 2020 - 39
Collector - July 2020 - 40
Collector - July 2020 - 41
Collector - July 2020 - 42
Collector - July 2020 - 43
Collector - July 2020 - 44
Collector - July 2020 - 45
Collector - July 2020 - 46
Collector - July 2020 - 47
Collector - July 2020 - 48
Collector - July 2020 - Cover3
Collector - July 2020 - Cover4
http://online.collector.com/collectormagazine/202007
http://online.collector.com/collectormagazine/202006
http://online.collector.com/collectormagazine/202005
http://online.collector.com/collectormagazine/202004
http://online.collector.com/collectormagazine/202003
http://online.collector.com/collectormagazine/202002
http://online.collector.com/collectormagazine/202001
http://online.collector.com/collectormagazine/201912
http://online.collector.com/collectormagazine/201911
http://online.collector.com/collectormagazine/201910/
http://online.collector.com/collectormagazine/201909/
http://online.collector.com/collectormagazine/201908/
http://online.collector.com/collectormagazine/201907/
http://online.collector.com/collectormagazine/201906/
http://online.collector.com/collectormagazine/201905/
http://online.collector.com/collectormagazine/201904/
http://online.collector.com/collectormagazine/201903/
http://online.collector.com/collectormagazine/201902/
http://online.collector.com/collectormagazine/201901/
http://online.collector.com/collectormagazine/201812/
http://online.collector.com/collectormagazine/201811/
http://online.collector.com/collectormagazine/201810/
http://online.collector.com/collectormagazine/201809/
http://online.collector.com/collectormagazine/201808/
http://online.collector.com/collectormagazine/201807/
http://online.collector.com/collectormagazine/201806/
http://online.collector.com/collectormagazine/201805/
http://online.collector.com/collectormagazine/201804/
http://online.collector.com/collectormagazine/201803/
http://online.collector.com/collectormagazine/201802/
http://online.collector.com/collectormagazine/201801/
http://online.collector.com/collectormagazine/201712/
http://online.collector.com/collectormagazine/201711/
http://online.collector.com/collectormagazine/201710/
http://online.collector.com/collectormagazine/201709/
http://online.collector.com/collectormagazine/201708/
http://online.collector.com/collectormagazine/201707/
http://online.collector.com/collectormagazine/201706/
http://online.collector.com/collectormagazine/201705/
http://online.collector.com/collectormagazine/201704/
http://online.collector.com/collectormagazine/201703/
http://online.collector.com/collectormagazine/201702/
http://online.collector.com/collectormagazine/201701/
http://online.collector.com/collectormagazine/201612/
http://online.collector.com/collectormagazine/201611/
http://online.collector.com/collectormagazine/201610/
http://online.collector.com/collectormagazine/201609/
http://online.collector.com/collectormagazine/201608/
http://online.collector.com/collectormagazine/201607/
http://online.collector.com/collectormagazine/201606/
http://online.collector.com/collectormagazine/201605/
http://online.collector.com/collectormagazine/201604/
http://online.collector.com/collectormagazine/201603/
http://online.collector.com/collectormagazine/201602/
http://online.collector.com/collectormagazine/201601/
http://online.collector.com/collectormagazine/201512/
http://online.collector.com/collectormagazine/201511/
http://online.collector.com/collectormagazine/201510/
http://online.collector.com/collectormagazine/201509/
http://online.collector.com/collectormagazine/201508/
http://online.collector.com/collectormagazine/201507/
https://www.nxtbookmedia.com