Just as our fragile economy was about to open its doors for business and begin to move on from COVID-19, our nation was hit with another difficult and terrible situation. The death of George Floyd, a black man, at the hands of a white police officer has stirred outrage in our social conscience. Over the past week, protesters flooded the streets in cities all across the nation demanding change and encouraging solidarity. The pain, fear, and prejudice felt by the black community is reaching a tipping point and radical change is necessary.
Many people are wondering how this might affect our economy as we grapple with reopening restaurants, bars, travel, and other parts of our economy. In this week’s episode, we turn our attention to the civil unrest we are facing in America today and try to understand how it might affect the financial world around us. The stock market has largely ignored the unrest until now, but that could change if investors believe the protests would continue through the summer, disrupting individual state plans to reopen and hurting consumer confidence.
We recognize this is a sensitive topic and we respect the gravity of the situation. Join us for a thoughtful discussion on today’s challenging social climate and how we see it through the lens of personal finance.