A recent survey from the AICPA found that 32% of Americans have not taken steps to safeguard their finances against natural disasters.
The survey, conducted by The Harris Poll on behalf of the AICPA, found that 66% of Americans believe experiencing a natural disaster would significantly (29%) or moderately (37%) affect their financial circumstances.
The most common preparatory actions include reviewing insurance coverage (31%) and cataloguing assets for insurance claims (30%).
However, fewer individuals have considered updating or creating an estate plan or will, with only 19% addressing this aspect of financial readiness. See more findings.