Financial services

How the 'vibecession,' global economic uncertainty are influencing investors this election year


This year is a “super election year,” with more than 60 countries — encompassing around half the world’s population — hosting national elections, according to Statista.

Promoting a healthy economy is high on the list of expectations of voters globally, according to a recent report by Principal Financial Group. But even when the economy is doing well, many people have developed a more polarized — and negativeperception of the economic environment overall, a disconnect known as a “vibecession.” 

Whether or not that influences how people vote, the vibecession does not appear to have shown up in how they invest.

“As we look at our own member base, nearly 10 million plan participants, they’re not moving their money,”  said Dan Houston, chairman and CEO of Principal Financial Group, in an exclusive interview at CNBC’s global headquarters in Englewood Cliffs, New Jersey. “They’re staying the course, and they know that they’re well served to stay in a well-diversified portfolio.” 

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Principal offers retirement plans and other financial products to 68 million clients, including institutions and individuals, around the world.

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