It is no surprise that the COVID-19 pandemic has had a negative impact on the economy. People are out of work, struggling to pay bills and uncertain of what the future will bring.
For people unable to work remotely, the mass closures of business and the addition of stay at home orders have been devastating. Millions of people are temporarily or permanently out of work as businesses have been forced to close or severely cut their hours.
Marshall Jones, attorney at Caddell Reynolds, visited the set of Good Day NWA to discuss these facts and financial tips for rebounding after the COVID-19 quarantine. A video clip of his appearance is available below.
During the COVID-19 pandemic, unemployment reached historic heights with more than 40 million unemployment benefit claims filed—even exceeding the unemployment levels during the Great Depression
Here are some tips for getting back on your feet if you were affected by COVID-19:
- Prioritize paying off debts
- Make an updated monthly budget
- Look for bargains
- Build your emergency fund back up, if needed
Caddell Reynolds. Make the Right Call. (800) 889-6944.