31% Can’t Pay the Rent: ‘It’s Only Going to Get Worse’
As the economic shutdown pares tenants’ incomes, April payments have been reduced, deferred or withheld. Some landlords see their property at risk. Read the Article >>
Covid-19 is a chance for business leaders to rework their pact with society
A message appeared this week on the Notify NYC text feed, New York City’s official source of information about emergency alerts and city services; it was squeezed in between an update on how students can pick up grab-and-go meals at the entrance of their local school and the latest advice on containing the virus: Read the […]
Needy Will Face Hurdles to Getting Coronavirus Stimulus
The Treasury reversed guidance that would have required millions of Social Security recipients to file returns, but many other low-income people will have to submit them. Read the Article >>
Coronavirus Insights: Cash Flow Crunch, Digital Banks, Smart PR
According to The Financial Health Network, only one-third of Americans went into the COVID-19 crisis financially healthy. Their paper, “A Country Without a Cushion” (PDF), probes six factors producing this situation: insufficient insurance, income loss, inadequate workplace safeguards, constrained household finances, digital divide and disparate impacts.
Checks Won’t Cut It: Getting COVID-19 Relief To The Most Vulnerable
In all likelihood, the federal government will be sending out tens of millions of paper checks in the coming weeks and months to those who qualify for aid under the Coronavirus Aid, Relief, and Economic Security Act. Read the Article >>
Corona and Your Personal Finances: What You Need to Know
“The requirements of social distancing will impact the vast majority of workers, resulting in layoffs, furloughs and hour reductions,” Says Rob Levy, vice president of the Financial Health Network. Read the Article >>
U.S. Workers, Businesses Lack Funds to Tide Them Over Until Help Comes
In a matter of a few weeks, many employees and small business alike will be plain out of money. The American economy is in a race against time.
Coronavirus is Shining a Light on America’s Lack of Paid Sick Leave: Here’s How Savings Can Help
As the COVID-19 pandemic (commonly called coronavirus) unfolds, the Centers for Disease Control (CDC) is issuing a number of common-sense recommendations – including one to stay home if you’re sick. Because the disease spreads primarily from person-to-person contact, remaining out of close personal contact with others not only allows the sick person to recover, it […]
How the coronavirus crisis will hit American workers, in one chart
The people who can least afford to lose their jobs are the ones who’ll be hit the fastest and the hardest by the coronavirus recession. Read the Article >>
The coronavirus crisis thrusts corporate HR chiefs into the spotlight
In a pandemic, a chief people officer can make or break a company. Read the Article >>
14 Banks Helping Customers Affected by Coronavirus
Banks are offering a plethora of financial hardship assistance programs to those affected by COVID-19. Read the Article >>
Many People with Employer-Sponsored Insurance Would Face High Out-of-Pocket Costs for COVID-19 Treatment
Early US cases of COVID-19 indicate treatment for the virus will require hospitalization for many affected adults of all ages. Data from China show a median hospital stay of 12 days, and recent projections (PDF) estimate an 8-day stay if critical care is not required and a 16-day stay, including 10 days in the intensive care unit (ICU), for […]