No Emergency Fund and No Job. Now What?
Caught in the crossfire of economic meltdown? Unfortunately, you're not the only one. In the last week of March, nearly seven million Americans filed for unemployment. That number shatters the previous peak of 665,000 claims filed the week of March 29, 2009, during the Great Recession.
The cause, of course, is the ongoing effort to contain the spread of COVID-19. Much of the U.S. is under some type of stay-at-home order, and nonessential business are closing their doors and often laying off workers as a result. The explanation, though, doesn't take the sting out of losing your job -- particularly if the job loss comes at a time when you're low on cash savings.
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Source Fool.com
