Financial wellbeing confidence dented by Covid-19 — Cigna study

Findings from the Cigna Covid-19 Global Impact Study: Resilience and Wellbeing Through the Pandemic survey revealed that Kiwis are feeling the pressure when it comes to their finances; and that advisers have an important role to play going forward. 

Almost half of the New Zealanders questioned in the worldwide study believed their financial ability to cope if they lost work was fair or poor; 41% of respondents were increasingly pessimistic about their financial situation; and job security dropped from 73% in January, to 64% in August.

Gail Costa, Cigna New Zealand CEO, was not surprised by these results.

“The pandemic has impacted the economy and knocked the financial confidence of thousands of New Zealanders, which was already low by international standards,” she says.