{"id":1641,"date":"2022-02-01T16:13:51","date_gmt":"2022-02-01T16:13:51","guid":{"rendered":"https:\/\/rethinkq.adp.com\/?p=1641"},"modified":"2024-09-03T21:35:11","modified_gmt":"2024-09-03T20:35:11","slug":"seeking-security-pandemic","status":"publish","type":"post","link":"https:\/\/rethinkq.adp.com\/seeking-security-pandemic\/","title":{"rendered":"Seeking security in the pandemic"},"content":{"rendered":"\n<header class=\"entry-header bg-adp-tan block--article-header alignfull block--article-header\" >\n\n  \n\n<figure class=\"wp-block-image size-large entry--image\"><img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2022\/01\/sahin-sezer-dincer-U1vx9SIzTkY-unsplash-1024x683.jpg\" alt=\"\" class=\"wp-image-1642\" srcset=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2022\/01\/sahin-sezer-dincer-U1vx9SIzTkY-unsplash-1024x683.jpg 1024w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2022\/01\/sahin-sezer-dincer-U1vx9SIzTkY-unsplash-300x200.jpg 300w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2022\/01\/sahin-sezer-dincer-U1vx9SIzTkY-unsplash-768x512.jpg 768w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2022\/01\/sahin-sezer-dincer-U1vx9SIzTkY-unsplash-1536x1024.jpg 1536w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2022\/01\/sahin-sezer-dincer-U1vx9SIzTkY-unsplash-2048x1365.jpg 2048w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2022\/01\/sahin-sezer-dincer-U1vx9SIzTkY-unsplash-375x250.jpg 375w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-group entry--title-wrapper\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><div class=\"entry--social-share\">\n  <ul>\n    <li><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/rethinkq.adp.com\/seeking-security-pandemic\/&#038;t=Seeking security in the pandemic\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/themes\/rethink-quarterly\/img\/facebook.svg\" alt=\"Facebook logo - click to share this article on Facebook\"><\/a><\/li>\n    <li><a href=\"http:\/\/twitter.com\/share?text=Seeking security in the pandemic&#038;url=https:\/\/rethinkq.adp.com\/seeking-security-pandemic\/\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/themes\/rethink-quarterly\/img\/twitter.svg\" alt=\"Twitter logo - click to share this article on Twitter\"><\/a><\/li>\n    <li><a href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https%3A%2F%2Frethinkq.adp.com%2Fseeking-security-pandemic%2F\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/themes\/rethink-quarterly\/img\/linkedin.svg\" alt=\"LinkedIn logo - click to share this article on Facebook\"><\/a><\/li>\n  <\/ul>\n<\/div>\n\n          <span class=\"entry--tag tag-style\">A note from the editor<\/span>\n    \n  <h1 class=\"entry-title\">Seeking security in the pandemic<\/h1>\n\n\n<p class=\"is-style-summary-style\">The Covid-19 pandemic has tested our systems of social security, bringing increased attention to how governments care for people.<\/p>\n<\/div><\/div>\n\n\n  <div class=\"entry--meta content-width\">\n           <p class=\"authors\">By\n                        <a href=\"https:\/\/rethinkq.adp.com\/author\/grace-dobush\/\">Grace Dobush<\/a>\n\n             \n         \n     <\/p>\n    \n  \n  <p>1 February 2022  <span class=\"desktop-only\">\u2014<\/span> <a href=\"https:\/\/rethinkq.adp.com\/issue-4-security\/\">Issue 4: Security<\/a> \n  <\/div><!-- .entry-meta -->\n\n<\/header><!-- .entry-header -->\n\t<div class=\"entry-content content-width\">\n\n\n\n<p>The pandemic has laid our insecurities bare.&nbsp;<\/p>\n\n\n\n<p>We knew, perhaps intellectually, that the supply chains and social networks that connect everyone around the world are complex and fragile. But it wasn\u2019t until the start of the Covid-19 pandemic that we saw all of these networks tested to their limits. And that\u2019s bringing new attention to social security.<\/p>\n\n\n\n<p>The myriad moving pieces of the global economic engine operate smoothly most of the time. The redundancies can cover for one or two gears failing at any given moment. The moves for business efficiency popularized since the financial crisis \u2014&nbsp;like the gig economy and zero-hour contracts \u2014&nbsp;prop up the works.&nbsp;<\/p>\n\n\n\n<p>But now, since the start of the pandemic, larger parts of the engine have slowed or occasionally failed. Staffing shortages in one sector, like shipping, slow down all of the adjacent sectors: Hospitals don\u2019t get the medical equipment they need; grocery store shelves are occasionally empty.&nbsp;<\/p>\n\n\n\n<p>And at a personal level, many people are just one bad case of Covid-19 away from falling into financial trouble. In the United States, the proportion of people who would not be able to cover a small emergency of $400 with their savings is 36%, according to the <a href=\"https:\/\/www.federalreserve.gov\/consumerscommunities\/sheddataviz\/unexpectedexpenses.html\" target=\"_blank\" rel=\"noreferrer noopener\">Federal Reserve<\/a>.&nbsp;Many countries sent direct <a href=\"https:\/\/rethinkq.adp.com\/global-pandemic-stimulus-packages\/\" target=\"_blank\" rel=\"noreferrer noopener\">cash payments<\/a> to residents to help them weather the first year of the pandemic, but many of those programs have run their course. Household savings rates spiked during 2020, likely because of these stimulus initiatives, but are projected to sink again in 2022.<\/p>\n\n\n\n<div class=\"wp-block-group alignwide\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Household savings as % of disposable income, 2002-2022<\/h3>\n\n\n\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/8393431\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div>\n<\/div><\/div>\n\n\n\n<p>Countries that tie health insurance to employment and don\u2019t have mandatory sick leave allowances are facing new questions about social security in this pandemic.&nbsp;<\/p>\n\n\n\n<p>The proportions of people covered by government social safety nets are highest in high-income countries, as one might expect. But coverage drops dramatically even in upper-middle income countries.<\/p>\n\n\n\n<div class=\"wp-block-group alignwide\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Global social safety net coverage<\/h3>\n\n\n\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/8317658\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div>\n<\/div><\/div>\n\n\n\n<p>It\u2019s my hope that governments around the world use the lessons of the pandemic to better reinforce their social security systems. When these systems are more resilient, people can be more resilient.&nbsp;<\/p>\n\n\n<div class=\"block--author\">      <div class=\"block-author__inner\">\n        <div class=\"author--image\">\n                      <a href=\"https:\/\/rethinkq.adp.com\/author\/grace-dobush\/\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/profile_Grace-298x305.jpeg\" alt=\"\" \/><\/a>\n                  <\/div>\n        <div class=\"author--info\">\n                      <a href=\"https:\/\/rethinkq.adp.com\/author\/grace-dobush\/\" class=\"author--name\">Grace Dobush<\/a>\n\n          \n          <p>Based in Berlin, Grace Dobush is the editor of the ReThink Quarterly. She has written for publications including Fortune, Wired, Handelsblatt and Quartz.<\/p>\n          <div class=\"block--author-social\"><ul class=\"author--socials\"><li><a href=\"https:\/\/twitter.com\/GraceDobushToGo\" title=\"Twitter\" target=\"_blank\"><i class=\"fab fa-twitter-square\"><\/i><\/a><\/li><li><a href=\"https:\/\/www.linkedin.com\/in\/gracedobush\/\" title=\"LinkedIn\" target=\"_blank\"><i class=\"fab fa-linkedin\"><\/i><\/a><\/li><li><a href=\"https:\/\/gracedobush.com\/\" title=\"Author Website\" target=\"_blank\"><i class=\"fas fa-globe\"><\/i><\/a><\/li><\/ul><\/div>\n        <\/div>\n      <\/div>\n       <\/div>\n\n<div class=\"block--recommended-content alignwide is-style-bg-adp-tan\"><div class=\"block-recommended-content__inner\">\n\n<h2 class=\"wp-block-heading\">Read more<\/h2>\n\n\n<div class=\"block--article-pushpoint pushpoint__small\">      <div class=\"block-article-pushpoint__inner\">\n        <a href=\"https:\/\/rethinkq.adp.com\/income-security-psychological-safety\/\">\n        <div class=\"pushpoint--image\">\n          <img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2022\/01\/a-customer-buying-fresh-vegetables-at-a-market-in-tbilisi-georgia-FKDWNK-1084x576.jpg\" alt=\"\" \/>\n        <\/div>\n        <div class=\"pushpoint--info\">\n                    <span class=\"pushpoint--title\">Income security: A basic human need<\/span>\n          <p>Poverty is so stressful that it can change the way the brain works. Ensuring income security is essential in this pandemic era. <\/p>        <\/div>\n      <\/a><\/div> <\/div>\n\n<div class=\"block--article-pushpoint pushpoint__small\">      <div class=\"block-article-pushpoint__inner\">\n        <a href=\"https:\/\/rethinkq.adp.com\/pandemic-recovery-rural-vs-urban\/\">\n        <div class=\"pushpoint--image\">\n          <img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/10\/rural_citybirdseye-1-1084x576.jpg\" alt=\"\" \/>\n        <\/div>\n        <div class=\"pushpoint--info\">\n                    <span class=\"pushpoint--title\">Why pandemic recovery will play out in rural and urban areas differently<\/span>\n          <p>The coronavirus pandemic has affected every country in the world, but its effects are playing out very differently in urban vs. rural places, exacerbating existing inequalities.<\/p>        <\/div>\n      <\/a><\/div> <\/div>\n\n<div class=\"block--article-pushpoint pushpoint__small\">      <div class=\"block-article-pushpoint__inner\">\n        <a href=\"https:\/\/rethinkq.adp.com\/this-is-75\/\">\n        <div class=\"pushpoint--image\">\n          <img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2022\/01\/sk-Q6sRAxsAX68-unsplash-1084x576.jpg\" alt=\"\" \/>\n        <\/div>\n        <div class=\"pushpoint--info\">\n                    <span class=\"pushpoint--title\">This is 75: What retirement looks like in 2022<\/span>\n          <p>The first Baby Boomers were born in 1946; now they\u2019re mostly in retirement. Eight 75-year-olds around the world share how they\u2019re doing.<\/p>        <\/div>\n      <\/a><\/div> <\/div>\n<\/div><\/div>\n\n\n<section class=\"wp-block-group alignfull section--sign-up has-background\" style=\"background-color:#7967ae\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"has-text-align-center is-style-default has-white-color has-text-color has-large-font-size\"><a href=\"\/sign-up\/\">Sign up<\/a> to keep up to date with ReThink Q.<\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>The Covid-19 pandemic has tested our systems of social security, bringing increased attention to how governments care for people.<\/p>\n","protected":false},"author":4,"featured_media":1642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[41],"tags":[43,190,166,186],"coauthors":[24],"class_list":["post-1641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-note-from-the-editor","tag-pandemic","tag-safety","tag-savings","tag-security","issue-issue-4-security"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - 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