The Herald’s Cooking the Books personal finance podcast has gone daily in lockdown, to help you get the tips you need to weather the financial storm. Hosted by Frances Cook, with a new money expert featured on each episode.
The economic fallout from Covid-19 is sending many people to food banks and Work and Income for the very first time.
The lockdown is proving successful for protecting health, with only 29 new cases reported on Thursday, but the unavoidable economic fallout has the axe already falling on jobs around the country.
While it’s well and good to say we need to plan for the rainy day, the reality is many people don’t have any savings, and now find themselves without any income either.
Listen to the podcast episode here
Wages were flat for a long time before this current crisis, and some were already struggling.
The last quarter of 2019 saw an increase in requests for both hardship grants and food parcels – hardship grants spiked to 570,000, an…