Americans say they’re saving money. Retail spending is up. Low interest rates have sparked the housing market and the stock market has rebounded from its initial pandemic dive. But how does any of this make sense when so many people are struggling financially months into the Covid-19 crisis and the recession that came with it?
The past several months have been a difficult time for the many people across the country battling the global Covid-19 pandemic. The impacts reached almost every person, from essential employees and those who contracted the virus, to the general population sheltering in place to minimize the spread of the disease. Being stuck at home has
Often, adult children need some money from their parents. But what do you do when your parents need financial help? You won’t be alone. According to a 2019 study by the Transamerica Center for Retirement Studies, 8% of Gen Xers and 3% of boomers say supporting their parents is a current financial priority. If it’s
From layoffs, salary cuts, and missed bonuses to canceled travel plans, working out at home, and spending less at restaurants, almost every one of my clients has experienced budget changes due to COVID-19. For some, it’s meant going from having a surplus to focusing on making ends meet. And for others, it’s meant socking away
A pandemic like the one we’ve experienced with COVID-19 has completely altered financial strategies. It has upended revenue and profits as well as incomes. As if it wasn’t already challenging enough to save for retirement, a pandemic seemingly has put an end to retirement savings. Or, has it? We asked a number of entrepreneurs, financial
During this period of COVID-19, it’s imperative to get all of your finances in order as the global economy plunges into its worst recession since World War II and shrinks by 5.2%. Since these are unprecedented times, there’s already plenty of uncertainty and fear, and the last thing you’d want to worry about is your