The financial toll of the COVID-19 pandemic is being felt by everyone, including young children. It’s natural to want to shield them from the hard reality we’re all going through. But this is a great opportunity to talk to your kids about money.
The last two weeks has seen more important developments related to the federal government’s response to the COVID-19 pandemic and its impact on the U.S. economy. Below is a summary of the most significant developments over this time period.
Over the last week headlines reaffirmed the commitment of the U.S. Congress and the Federal Reserve to rejuvenate the U.S. economy. Below are highlights to keep you informed.
Over the past week, there was more action from the federal government in response to the COVID-19 pandemic and its impact on the U.S. economy. Below is a summary of the most significant developments.
It was a grueling first quarter as sovereign nations, financial markets and economies across the globe grappled with the unprecedented public health crisis of COVID-19. Markets gyrated wildly as the S&P 500 descended from its late February highs into a bear market (a decline of at least 20%) in just 16 days, the fastest pace on record. The index recorded its 3rd worst single day drop ever on March 16th, followed by its 9th best day ever on March 24th. The first quarter of 2020 was the worst quarter in the S&P 500 since the final three months of 2008, when the index slumped -22.6%. In short, the first quarter of the year was a wild ride in almost every major asset class.
For many, last week’s religious holidays may have felt more protracted than in the past as social distancing and the familiar “stay-at-home” mantra brought new twists with family (still) all under one roof. This week, the markets were back to being open for the full week. Below is a summary of market activity.
Clay Zachry, CFP®, answers questions about the stimulus payments being made to millions of Americans as part of the CARES Act. Watch the video to learn who is eligible as well as the amounts of the payments.
With many of us settling into a “new normal” that is now limited to the four walls of our homes, we have witnessed some important developments in the economy and the markets this week. Below is a summary of what took place.
During the current coronavirus pandemic, the Small Business Administration (SBA), in conjunction with SBA-approved lenders, are offering relief options and loans in which small business owners are strongly encouraged to review. (The SBA is an agency that provides loans and support to small businesses.)