Commentary by Annie Wilson, Vanguard Senior Behavioral Scientist
Can you take care of unexpected charges? Do you overreact to sector volatility? What’s your outlook for your economic long run?
Answering these concerns can aid you review the state of your economic wellness—from how nicely you deal with economic pressure to how you react to a booming economy and bullish stock sector.
Your economic wellness doesn’t exist in a vacuum. It’s an important attribute of your overall nicely-staying. So what is economic wellness, particularly?
For several folks, staying fiscally nicely means existing in a state of “nevers.” Never suffering from economic pressure or stress and anxiety by no means sensation challenged fiscally. In short, generally staying blissfully written content with the position of their finances.
On the other hand, economic wellness shouldn’t signify the complete absence of economic fear or uncertainty. Tense times will occur in everyone’s lives. In simple fact,