Managing Money in 2021 & Beyond

As the COVID-19 pandemic continues to create new challenges for global economies and health systems, easy access to the information you need to make informed decisions is more important than ever. To answer your timely questions, Investopedia and Verywell, a leading health and wellness publisher, have hosted a free virtual conference for our readers on September 21, 2021 at 1:00 p.m. EST.

Investopedia and Verywell executives spoke with industry experts to explore topics including the long-term economic recovery, managing financial stress and the future of investing. The goal was to help you feel mentally, physically and financially prepared for the months and year ahead.

Investopedia


Conference Day Expectations

The “Your Money, Your Health” virtual event was an afternoon of 45-minute discussions with panelists and audience Q&A moderated by Investopedia’s editor-in-chief Caleb Silvereditor of Verywell Mind Amy Morinand Chief Medical Officer of Verywell Health Jessica Shepherd, MD.

Invited panelists included:

  • Erik Anderson: President of Global Services, Hologic Inc.
  • Melynda Barnes, MD: Chief Medical Officer, Ro Health
  • Michael Bayer: Life coach, New York Times bestselling author and founder of CAST Centers
  • George M. Blount, DBA: Financial Therapist and Founder, nBalance Financial
  • Ethan Harris: Head of Global Economic Research, Bank of America Merrill Lynch Global Research
  • Haesue Jo, LMFT: Clinical Operations Manager, BetterHelp
  • James L. Madara, MD: CEO and Executive Vice President, American Medical Association
  • Carolyn McClanahan, MD, CFP: Founder and Director of Financial Planning, Life Planning Partners Inc.
  • Jim Merlino, MD: Director of Clinical Transformation, Cleveland Clinic
  • Liz Ann Specials: Managing Director and Chief Investment Strategist, Charles Schwab

The first half of the day included panels on how to heal the economic scars of the pandemic, how to manage financial and mental stress during a complicated time, and how to pay for the future of care. The afternoon included discussions on how the healthcare system will evolve and how to invest during tumultuous times.

Why now?

In 2021, COVID-19 continued to present unprecedented challenges to Americans, the U.S. economy, and health care systems in the United States and around the world. As Investopedia focused on answering questions about finance, the stock market, and the global economy, a few hot themes emerged in the fall of 2021 indicating that, in many ways, the post-pandemic recovery had just started.

Financial stress is high

The pandemic has brought financial stress in the form of job loss and unexpected expenses for many Americans, and many are still feeling the burden, according to the latest Verywell Mind Mental Health Tracker. According to our readers, financial problems are even more stressful than the COVID-19 pandemic.

To equip readers with tools to combat and prevent financial stress, Amy Morin, Editor-in-Chief of Verywell Mind, and Caleb Silver, Editor-in-Chief of Investopedia, explored this topic with experts in mental health and financial therapy. at the “Your Money Your Health Conference”.

Exceptions to investor sentiment

After a year of continued record highs for the US stock market, investors may be less risk-averse in the second half of 2021, according to our latest newsletter reader survey.

In August 2021, no one investors have expressed growing concerns on government spending, inflation and cyberattacks alongside the spread of COVID-19 variants. Anticipating weaker market gains, most survey respondents said they do not plan to increase their investments over the next 12 months.

Investopedia’s Caleb Silver and Liz Ann Sonders, Managing Director and Chief Investment Strategist for Charles Schwab, discussed how the pandemic has shaped investor behaviors and markets and what that means for wealth creation in 2022.

All eyes are on the economy

COVID-19 quickly brought many segments of the US and global economy to a halt shortly after March 2020 as businesses, travel and hospitality shut down. Early measures of economic impact are on par with the initial declines of the Great Depression, but 2021 has shown that the economy is on the road to recovery, but this road is not without bumps and turns.

With so many moving elements, reports of declining economic confidence and a continued recovery on the horizon, Investopedia’s Silver and Ethan Harris, head of global economic research for Bank of America, discussed the current state of the US economy, the long-term global impacts of the COVID-19 pandemic, and what all of this means for consumers and individual investors going forward.

Keep reading to learn more

To learn more about some of the topics industry experts explored during the virtual conference, read the articles in this content series:

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