As the nation prepares to begin its second month of compulsory lockdown, individuals and families across the US are struggling to adapt to harsh, new financial realities. Millions of Americans who were earning a steady income just two months ago have suddenly lost their jobs as a result of the public health policies and economic pressures precipitated by the virus.
I am fully aware that talking about investing right now might sound crazy. Amid the coronavirus crises and uncertainty ahead, it seems like it is not the right moment. Well, let me tell you something: it is the perfect moment.
Have you suddenly found yourself with a reduced source of income because of the coronavirus pandemic? If so, financial health has almost certainly become one of your top priorities in recent weeks. As the national economy continues to tremble, millions of Americans are hastily scrambling to implement money-management strategies that will help to keep them afloat as the crisis continues.
Investing is for many people a very difficult and exhaustive task under normal circumstances. If we add one more component, such as the current crisis because of COVID19, the decision might seem even more challenging.
According to a recent survey, approximately one in ten Americans have now been laid off as a consequence of the COVID-19 pandemic. While experts are continuing to speculate about the potential long-term economic impacts of the crisis, millions of Americans have suddenly found themselves without an income - and wondering what to do next.