Human Development and Family Studies
Journal or Book Title
Financial Planning Review
This article provides a brief summary and review of the impact of the COVID‐19 pandemic on household finances. The stressors related to the pandemic are evaluated as either transitory or permanent shocks to both the practice of financial planning and client financial concerns. Based on qualitative responses from practicing financial planners, changes in practice and client concerns as a result of the pandemic are outlined. At the global level, respondents shared that the practice of financial planning has accelerated its adoption of communication technology while clients are experiencing unprecedented levels of stress related to changes in health, the economy, and the political landscape in the United States. Insights and observations from the sample of practicing financial planners are used to inform recommendations for practice.
Certified Financial Planner Board of Standards Inc.
Fox, Jonathan and Bartholomae, Suzanne, "Household finances, financial planning, and COVID‐19" (2020). Human Development and Family Studies Publications. 137.