• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Bautis Financial

Bautis Financial

Secure your Castle, Achieve your Dreams.

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Potential Changes We May Face as a Result of Coronavirus – Daily Flash Briefing

May 20, 2020 by Bautis Financial
Impact of COVID-19

Social support, work, education and shopping/entertainment are all going to change as a result of the COVID-19 pandemic.

Life has changed. How do we adapt without losing sight of what we can to achieve?

As you’ve heard me say before, no one knows how the future will play out — but we should still look ahead and think through the consequences of what’s happening. More about this kind of second order thinking ahead.

Marc Bautis, Founder and Advisor at Bautis Financial, believes our society and our economy are experiencing a massive paradigm shift. We will never go back to the world we had before COVID-19, and the lens that we use to evaluate ideas, markets, economy and personal choices over the last decade may not be sufficient for the next decade.

Here are just a few things he sees changing as a result of what’s going on right now.

  • Social support. 36.5 million Americans have become unemployed in two months, and the effects are rippling through families, communities and the economy. The government has responded with trillions of stimulus dollars to individuals and business. More relief is likely to come. What does this mean for our society? Who should get a helping hand in tough times? Will we permanently expand the social safety net?
  • Work. Thrown into the largest work-from-home experiment in history, more workers and employers will transition to remote work post-pandemic. This shift in work has major implications. Which place will be a draw if workers can live anywhere, and employers can have their pick of a nationwide or global workforce? Will those who must physically show up demand different compensation?
  • Education. Students, parents, school and universities are being forced to reevaluate the definition of education — and it’s price tag — now that the on-campus experience has gone online. What’s missing if you attend from home? How much should education cost? What alternatives to a traditional four-year degree with arise? 17% of college-bound students have changed their plains because of COVID-19.
  • Shopping and entertainment. Brick-and-mortar retailers may never recover from the body blow dealt by the pandemic lockdowns. Online shopping, grocery delivery and digital services may finally overtake offline channels. What will the retail landscape look like when it’s easier — and maybe safer — to eat, shop watch at home?

What do you think? What do you see changing in the world?

Though it appears that the stock market has moved passed the pandemic, we shouldn’t celebrate just yet. Why? Much has changed in the world and we’re still playing out first order effects. More consequences are coming.

Listen for more.

Get instructions on how to enable our Flash News Briefing skill to your Amazon devices:

Bautis Financial’s Amazon Alexa Daily Flash News Briefing

Category: Finance NewsTag: Coronavirus, COVID-19, Impact of COVID-19
Previous Post: « Recap of The Markets Last Week – Daily Flash Briefing
Next Post: The Latest Housing Data: May 2020 – Daily Flash Briefing The Current Housing Market »

Subscribe to Our Insights

Sign up to receive valuable financial insight and updates straight to your inbox each week.

Social

Follow along on social media

Contact

Bautis Financial
7 North Mountain Ave
Montclair, NJ 07042
Get directions
862-205-5800
Contact

Navigation

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Copyright © 2023 · Bautis Financial · All Rights Reserved · Powered by Mai Theme

Return to top