Financial Fixes to Make after the Pandemic

Now is a good time to reflect on what the COVID-19 pandemic has done to your finances (and surprise, there may be some good news here) and to your priorities themselves. After giving it some thought, here’s what you should do going forward.

A Band-Aid on a $100 bill.
(Image credit: Getty Images)

From dining out to vacation travel, many Americans have started to resume their pre-pandemic lifestyles – and the spending that accompanies those lifestyles. According to Schwab’s Modern Wealth Survey, nearly half (47%) of Americans polled back in February (before the rise of the Delta variant) were looking to get back to living and spending like they were before the COVID-19 pandemic and a quarter (24%) said they were eager to indulge to make up for lost time.

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Disclaimer

Investing involves risk including loss of principal. Diversification strategies do not ensure a profit and do not protect against losses in declining markets.

Disclaimer

The information here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The type of securities and investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

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©2021 Charles Schwab & Co., Inc. (“Schwab”). All rights reserved. Member SIPC.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Joe Vietri, Charles Schwab
Branch Network Leader, Charles Schwab

Joe Vietri has been with Charles Schwab for more than 25 years. In his current role, he leads Schwab's branch network, managing more than 2,000 employees in more than 300 branches throughout the country.