I'm Padding My Emergency Fund Because of COVID-19. Here's Why You Should, Too
COVID-19 is turning the world upside down. The stock market has crashed. Schools are being forced to close nationwide. Small businesses are shuttering, and countless Americans are losing their paychecks, at least temporarily.
And the worst of it? We don't know how long this situation will last. It could be weeks, or it could be months, before things start getting back to normal, which means millions of Americans are effectively in limbo. And the longer this situation continues, the more our country risks crossing the line into a full-blown recession.
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Source Fool.com
