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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Regions Financial Corporation | NYSE:RF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.10 | 0.50% | 19.93 | 20.05 | 19.86 | 19.93 | 5,749,024 | 22:43:04 |
The latest survey from Regions Next Step, Regions Bank’s financial education program, finds that the majority of Americans surveyed (77%) have maintained saving the same amount or saved more since the start of the COVID-19 outbreak in March 2020. Of these respondents, 2 in 5 (39%) say they have saved more money, with 1 in 10 saying they have saved a “significant amount” more.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005211/en/
The latest survey from Regions Next Step, Regions Bank’s financial education program, finds Americans are prioritizing saving during the COVID-19 outbreak. For information on a few steps to take to build savings during this time, visit Regions.com/NextStepCoronavirus. (Graphic: Business Wire)
Overall findings of the survey, conducted in July, indicate Americans are prioritizing saving in their household budgets. Other key findings include:
The findings of this survey come on the heels of an April survey from Regions Next Step that found having a formal financial budget contributes to feeling more financially fit, which may reduce stress and increase confidence in the ability to withstand a fiscal emergency.
“With today’s economic uncertainty, many people have taken steps to adjust their financial habits to save more and better prepare for the unexpected,” said Joye Hehn, Community Financial Education Manager for Regions. “We at Regions want to encourage people to build on that positive momentum and are providing financial planning tools and resources to help.”
The COVID-19 outbreak has increased awareness of the importance of having access to savings. Here are a few steps people can take when building their savings during this time:
For more advice on adjusting financial game plans for today’s challenging economic scenario, watch the on-demand webinar, Making a Money Game Plan for Tough Times, featuring Eric Smith, The Financial Literacy Coach.
Regions continues its commitment to providing financial education and guidance to customers, associates and people in the communities it serves during the COVID-19 outbreak and beyond. Visit Regions.com/NextStepCoronavirus for tips and resources to help with navigating financial challenges, staying on track and safeguarding your future.
The omnibus survey questions were part of a national online survey that took place between July 20-23, 2020. The survey reached 2,580 U.S. adults. The results are weighted and are representative of all U.S. adults (aged 18+).
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $144 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,400 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200921005211/en/
Nicole Wyatt 205-264-4551
regions.doingmoretoday.com Regions News on Twitter: @RegionsNews
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