3 in 4 Floridians Suffer Financial Stress due to COVID

3 in 4 Floridians Suffer Financial Stress due to COVID

Daniel Molina
Daniel Molina
|
August 28, 2020

With the continued threat of the COVID-19 pandemic affecting Floridians throughout the state, a new poll issued. By MoneyWise Florida indicates that “nearly three in four Floridians continue too suffer from high levels of stress relating to their personal and family financial situation as they struggle through the ongoing” crisis.

The findings were released by Florida’s Chief Financial Officer Jimmy Patronis, Suncoast Credit Union and MoneyWise Florida, and “a series of videos designed to help Floridians cope financially” have also been released in response to the poll results.

In a statement, Patronis expressed that “when. We launched MoneyWise Florida this past Spring, we knew Floridians needed access to reliable resources that could help them weather these unprecedented times.”

“These latest survey results underscore the continuing need to provide Floridians with additional financial knowledge, tips, and tools to help them through this prolonged difficult era,” Patronis added.

As well, the poll revealed that “during the past three months, 55% of respondents say their worries about finances have increased,” and “more than 1 in 5 have delayed paying bills” even with 71% of those polled saying that they “received some form of federal stimulus payment.”

Kevin D. Johnson, the President and CEO of Suncoast Credit Union, also shared his thoughts on the findings, expressing that “COVID-19 has disrupted most Floridian’s lives in many different ways,” noting that “many families are struggling to recover financially after the sudden slowdown of economic activity.”

In turn, “this new video series is yet another valuable resrouce created by MoneyWise Florida to help Floridians with their financial health and wellness.”

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Daniel Molina

Daniel Molina

Daniel Molina is an award-winning senior reporter based in Miami. He holds a bachelor’s degree in English Literature from Florida International University. His hobbies include reading, writing, and watching films.

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