The coronavirus has infected the global economy and millions of Americans now out of work are trying to figure out what to do with no paycheck coming in.
Hourly employees who worked at small businesses that are now closed or running on a skeleton crew will take the brunt of the blow, feeling the financial pain sooner and more deeply than full-time employees with paid sick leave and other benefits.
“A lot of people don’t have a safety net right now,” said Bruce McClary, the vice president of communications at the National Foundation for Credit Counseling. “About 40 percent of all Americans don’t have enough savings to cover a $400 emergency. What are they going to do if they have weeks of reduced work or no work at all?”
It’s scary to see the bills piling up and no money coming in, but don’t panic. Take a deep breath and start looking for things you can do to ease the financial strain. Some relief is already in place and…