Unemployed Due to COVID-19? Here's How It Could Affect Your Social Security Benefits
In April, the U.S. unemployment rate reached 14.7%, its worst on record since the Great Depression. And while May data hasn't been released as of this writing, it's safe to say that we have a serious economic crisis on our hands.
If you've been impacted financially by COVID-19, you may be worrying about paying your rent, putting food on the table, and covering the cost of the medications you need. But being unemployed today could also result in lower Social Security benefits during retirement. Here's why.
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Source Fool.com
