How Prolonged Unemployment Can Hurt Your Social Security Benefits -- And How to Fix It
Across America, millions of workers are out of jobs due to COVID-19. Sadly, with coronavirus cases spiking, the end of the 2020 recession isn't yet in sight. In fact, more states are locking down again, which could mean things get worse instead of better.
Unfortunately, if you're out of a job and you don't find a new one for a while, this could have a detrimental impact on the Social Security retirement benefits you'll likely rely on in your later years. But while unemployment could permanently reduce your income from Social Security, it doesn't have to -- if you understand why this happens and take steps to mitigate the damage.
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Source Fool.com
