Ameriprise Study Reveals Vast Majority of Investors Who Have Experienced a Major Financial Setback Have Overcome It

Minneapolis – June 10, 2020 – As many Americans find themselves evaluating their financial picture as a result of COVID-19, the road to recovery may seem daunting – or even impossible. However, the way investors have dealt with financial challenges in the past may shed light on how investors may be able to handle the financial repercussions of COVID-19. A new study by Ameriprise Financial (NYSE: AMP) found that nearly three-quarters of people have experienced at least one major financial setback – often costing more than $50,000, and in some cases more than $100,000. But those investors have also staged a comeback and managed to put their finances back in order.