How to handle COVID-19’s financial impacts

Elvera Bartels

COVID-19 has modified so several factors of our life, from the way we shop to the way we get the job done. But how has it modified your economic daily life?

70% of Individuals have stated their economic perfectly-currently being was negatively impacted by COVID-19.* We’re listed here to enable you navigate all those financial shocks and keep on track for retirement. Underneath are some ways economic life have been influenced and thoughts for how to cope with them.

Scenario: Your profits was reduced—or eliminated.

It’s possible your husband or wife or companion was laid off or your get the job done hrs had been decreased. Probably you have had to depart the workforce for well being-related motives. This is when liquid property (this sort of as a bank account) engage in a crucial role in your economic prepare, because you may perhaps need to tap into emergency financial savings.

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