By Staff

BOSTON (CBS) – A new study suggests people in Massachusetts are becoming more optimistic about their finances as vaccinations grow during the pandemic.

Springfield-based life insurance company MassMutual surveyed 500 residents from February 19 to March 1.

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They found 74-percent are “very or somewhat optimistic about their current financial outlook.” That’s higher than the national average of 69-percent, according to the survey.

When asked if this “is the worst economic downturn I’ve ever seen,” 76-percent of women in Massachusetts said it was, compared to 64-percent of men.

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Researchers found women in Massachusetts are less likely to be “very optimistic” about their financial outlook than men. Twenty-four percent of men said they were while only 14-percent of women agreed.

Women were also more likely by a wide margin – 48-percent to 29-percent – to have eliminated spending on non-essential items.

The study also found more than half of Massachusetts residents claimed their use of social media has gone up since the start of the pandemic.

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You can read the entire survey results here. Staff