It May Take Some Americans Up to 5 Years to Recover Financially From the COVID-19 Crisis
The COVID-19 outbreak has already sent the stock market on a wild ride, shuttered businesses left and right, and forced millions of Americans into unemployment. And new data from PayScale reveals that it could take some Americans -- namely, blue-collar workers and small business owners -- up to five years to recover from the loss of income the pandemic forced upon them.
A good 10 million Americans have already filed for unemployment benefits in the past two weeks, and with many states' online systems experiencing jams and delays, that number could easily climb during April. And while some folks out of work may be looking at just temporary layoffs, those whose employers are hurt too badly as the COVID-19 crisis plays out risk not having a job to go back to once things get back to normal.
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Source Fool.com
