Three out of four people surveyed by Chubb during July 2022 agreed that their employer should offer benefits related to financial protection for employees and their families. (Photo: kentoh/Adobe Stock)
With inflation at a four-decade record high, the Federal Reserve increasing interest rates, and analysts signaling a potential recession on the horizon, consumers are spending less and worrying more — specifically about their money and their families.
To gauge consumers' opinions about these concerns, Chubb recently conducted a nationwide survey about personal finances and personal excess liability insurance. In this July 2022 survey, we found that people are worried about not only their money and how they'll pay their bills, but also about potential events that could substantially deplete their savings. In fact, the survey found that 65% of respondents are worried about inflation, 58% are worried about monthly expenses and the cost of living, and 29% are worried about unexpected accidents or lawsuits and how those events might affect their financial situation.
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