Posted on Aug 3, 2020
Covid-19 is making Americans wish they had more cash set aside. Taking these steps can help you...
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"Experts agree that having an emergency fund can help you whether you face a job loss or other unexpected event.
Yet you may not know how or where to start, particularly now that the Federal Reserve has kept interest rates near zero, which means you will make less interest on your money.
These tips can help you get started."
Yet you may not know how or where to start, particularly now that the Federal Reserve has kept interest rates near zero, which means you will make less interest on your money.
These tips can help you get started."
Covid-19 is making Americans wish they had more cash set aside. Taking these steps can help you...
Posted from cnbc.com
Coronavirus COVID19
Personal Finance
Money
Finance
Posted >1 y ago
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I am no economist but with GDP going down 30%, that will put a lot of pressure on companies and corporations. There is no point in staying open if losses will deplete your cash reserves. Many businesses will look at closing down operations to minimize losses. This will have a ripple effect as it will increase the unemployed and other businesses.
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Most people can not afford to save such money Theses days,especially with the cost of living, rent, food, medicine, even with a full time job
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