06-26-20
Amidst a resurging number of coronavirus cases across the nation, the amount of uncertainty gripping Americans today is unprecedented. The stock market perfectly reflects this truth as the S&P 500 has dipped to its lowest level in two weeks (1).
It may feel like we are navigating completely new frontiers as the U.S struggles to effectively deal with political unrest, racial justice, and a pandemic, but as responsible citizens we must do our best to work with what we know while being open to new ways of adapting. Financial experts are recognizing changes in investing patterns (2), while others are observing how various jobs are being impacted differently (3).
The truth is that there is uncertainty in almost every aspect of our daily lives, from as simple as the weather for tomorrow, to more complex ways like the ripple effects of emerging technologies on the industry we work in.
Understanding how to perform well in this dynamic environment is crucial to achieving financial and personal success in our lives. An article by Forbes discusses the importance of investigating the facts to discern them from the true uncertainties (4). In a way, that's what we aim to do here at Building Blocks for Kids, empower the youth with the foundations of financial literacy so that they may go out into the world prepared to actively work towards financial goals they set for themselves.
(1) https://finance.yahoo.com/video/market-recap-friday-june-26-202627761.html (2) https://money.com/investing-during-coronavirus-recession/ (3) https://www.axios.com/coronavirus-jobs-work-employment-market-60d00d07-8e80-4202-a867-810aaa0f8bf5.html (4) https://www.forbes.com/sites/travisbradberry/2015/12/21/11-ways-successful-people-overcome-uncertainty/#125e8f6e2475