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Stock impact report

How the Pandemic Has Changed Attitudes Toward Wealth [New York Times, The]

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
In the early days of the pandemic , Jason Norton was enjoying the comfortable life he had built for himself. A father of three, he manages about $220 million for clients around his community in Carrollton, Ga., about an hour west of Atlanta. But in the course of the past year, he saw employees struggle financially and emotionally, clients question what they were doing, and a close uncle die from Covid-19. His views on wealth began to shift. “I used to think of wealth as financial independence to do what you want to do when you want to do,” said Mr. Norton, founder and chief executive of Norton Financial, a financial advisory firm. “My perspective has shifted. Now I view wealth more as a tool.” Mr. Norton is not alone in his evolving attitudes toward wealth. The pandemic has changed how Americans view wealth in far-reaching ways, according to two recent surveys. Advertisement Even for the wealthiest, the coronavirus crisis challenged the notion that money could buy anything. Show less Read more
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