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Financial fragility after #COVID19

Summary:
Before the pandemic hit, a substantial share of households reported that they would be unable to handle a financial emergency. In some EU countries, many had savings equivalent to just a few weeks of basic consumption. By: The Sound of Economics Date: July 2, 2020 Topic: European Macroeconomics & Governance In this episode we discuss financial fragility in European households in the time of COVID-19. Before the pandemic hit, a substantial share of households reported that they would be unable to handle a financial emergency. In some EU countries, many had savings equivalent to just a few weeks of basic consumption. Giuseppe is joined by Maria Demertzis, deputy director at Bruegel, and Anna Maria Lusardi, Academic Director of the George Washington University Global Financial

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Before the pandemic hit, a substantial share of households reported that they would be unable to handle a financial emergency. In some EU countries, many had savings equivalent to just a few weeks of basic consumption.

By: Date: July 2, 2020 Topic: European Macroeconomics & Governance

In this episode we discuss financial fragility in European households in the time of COVID-19.

Before the pandemic hit, a substantial share of households reported that they would be unable to handle a financial emergency. In some EU countries, many had savings equivalent to just a few weeks of basic consumption.

Giuseppe is joined by Maria Demertzis, deputy director at Bruegel, and Anna Maria Lusardi, Academic Director of the George Washington University Global Financial Literacy Excellence Center who have authored a paper published by Bruegel on the topic

What did they find out, about how households finances have been impacted by the pandemic so far?Episode’s guests:
Maria Demertzis, Deputy Director, Bruegel
Maria Lusardi, Academic Director of the George Washington University Global Financial Literacy Excellence CenterHosted by:
Giuseppe Porcaro, head of outreach and governance at Bruegel

Sound Money Economics System was a fringe political party in Manitoba, Canada, during the provincial election of 1941.

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