5 Ways a Post-Pandemic U.S. Might Look Different

Key Takeaways: 

1. It is predicted that  

a post-pandemic  

world will look a bit  

different from the life  

we lived before the  

coronavirus outbreak. 

2. Social, economic,  

and political changes  

will bring new  

opportunities,  

shift the investment  

landscape, and require  us all to revisit and  

reassess our  

financial picture. 

3. Creating a  

comprehensive  

goals-based  

financial plan can  help prepare and  

protect you against  

probable volatility and  possible risks. 

 

There’s still a long way to go and a great deal of work to be  done before COVID-19 is in our rearview mirror. As with any  major global crisis, there will inevitably be long-term social,  economic, and systematic changes that will arise as a result. 

Pre-9/11 and post-9/11, irretrievable loss occurred. Systemic changes  were implemented that impacted how people travelled, immigration  policies, and privacy rights. A slew of new regulatory agencies (e.g. the  Transportation Security Administration (TSA) and the Department of  Homeland Security) were implemented as well as legislation (e.g. The  USA Patriot Act) that remain in place today. Therefore, it is only logical  to think about how a pandemic like COVID-19 may potentially alter the  world moving forward, and how those changes could impact our lives, our economy, and our country.

1. A renewed trust in scientific and medical expertis

The past decade has witnessed a wholesale shift for some – away from the guidance of  physicians, scientists, and other learned professionals. In the aftermath of this pandemic, the  pendulum may begin to shift back—with more of a view towards hard data and evidence for  important decision-making. From an investment perspective, this could have the potential to  bode well for certain industries such as alternative energy providers, pharmaceuticals,  and health care. 

2.  Work-from-home becomes the new normal 

Initially, there may likely be a tremendously welcome relief in getting back to the daily rhythm  of commuting, office life, and being among friends and co-workers. Soon after, however, both  employees and employers may begin to realize that for many non-manufacturing businesses,  telecommuting can be far more cost-effective, while at the same time resulting in an even  higher level of productivity. 

If it comes to fruition, this is a trend that could have significant long-term negative ramifications  for commercial real estate, transportation, and auto manufacturers, while further buoying  technology and broadband/fiber optic internet providers. 

3. Sustained long-term social distancing 

Not only will we likely see continued adoption and widespread use of videoconferencing  platforms like Zoom (as well as new emerging technologies), we may see a sustained drop in  the amount of general business travel—further impacting the already battered airline and  hospitality industries. 

 In a similar vein, our post-COVID world may also see a marked increase in the use of  telemedicine to provide basic non-essential medical consultations, enabling healthcare  professionals to better utilize limited resources, and help manage the cost of healthcare.  

4. Wider acceptance of “big government” 

Since the early 1980s, with a few notable exceptions such as the passing of The Affordable Care  Act, the prevailing sentiment in the U.S. has leaned towards favoring a smaller, less intrusive  federal government. It’s a movement that reached its pinnacle in the 2009 Tea Party victories  which reshaped Congress. What this pandemic has demonstrated, however, is that there’s a  strong case to be made in certain areas for greater centralized control and coordination.  

Not only do inefficiencies arise when states compete against each other for resources, but  widely divergent state-by-state regulations make addressing nationwide challenges all the  more difficult. As life slowly returns to some semblance of normalcy, we may see Americans  becoming more willing to support large federal initiatives which could result in a marked  increase in infrastructure spending (and possibly the strongest push yet towards universal  healthcare) over the coming years. 

 

5.Restructuring of higher education 

As the price of a college education has continued to soar, saddling an entire generation with  massive debt, calls for systemic change have grown increasingly louder. COVID-19 may  ultimately serve as a catalyst for this change—providing a real-life case study as to the value,  effectiveness, and success of online learning.  

 The result may be a wholesale restructuring/repricing of higher education, with online  classes becoming rule while universities with robust campus lives become the exception;  limited to the most prestigious institutions as well as those catering to degrees that require  more hands-on empirical study. It’s a change which could help launch a new generation of  young workers who are less encumbered by debt and more able to become independent and  active consumers. 

How might these changes impact your financial plan? 

Imagine if someone told you just a year ago that the entire U.S. and much of the world would shut  down their economies and be living under stay-at-home orders? Would you have believed that to be  possible? This is why creating comprehensive goals-based financial plans and building corresponding  investment portfolios is important to prepare you for the probable but protect you against the possible. 

It’s easy to feel overwhelmed by the thought of financial planning and investing—especially when  the world seems to be in such flux. However, when all your protection, retirement, investment, and  estate planning goals are consolidated into a cohesive goals-based plan, it can help insulate your  financial future from whatever changes may come. 

 

Eagle Strategies LLC (Eagle) is an SEC-registered investment adviser. Registration with the SEC does not imply a certain  level of skill or training. Eagle investment adviser representatives (IARs) act solely in their capacity as insurance agents  of New York Life, its affiliates, or other unaffiliated insurance carriers when recommending insurance products and as  registered representatives when recommending securities through NYLIFE Securities LLC (member FINRA/SIPC),  an affiliated registered broker-dealer and licensed insurance agency. Eagle Strategies LLC and NYLIFE Securities LLC  are New York Life Companies. Investment products are not guaranteed and may lose value. No tax or legal advice is  provided by Eagle, its IARs or its affiliates. 

John McGee is a Registered Representative offering securities through NYLIFE Securities LLC, Member FINRA/SIPC,  a Licensed Insurance Agency, and a Financial Adviser offering investment advisory services through Eagle Strategies  

John McGee is also an agent licensed to sell insurance through New York Life Insurance Company and may be licensed  to sell insurance through various other independent unaffiliated insurance companies. 

High Point Financial Group LLC is not owned and operated by NYLIFE Securities LLC, Eagle Strategies LLC and its  affiliates. 

High Point Financial Group LLC 

4650 Royal Vista Circle #120 

Windsor, CO 80528 

www.highpointgrp.com 

 
 
 

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