With the expiration of the CARES Act on July 31st, 2020 and with it the extra $600 a week in unemployment benefits, there could be a significant negative impact to individuals, families, the Economy, and to the Markets. With Congress unable to agree on a new relief program, the Executive Branch stepped in and an Executive Order was signed this weekend that was intended to provide some relief and ease Market tension.
The market’s negative response to health crises is nothing new. How will coronavirus impact the market and your personal finances?
While inflation might not be noticeable as you go through your daily life, over the long-term, inflation has a clear impact on your life and your ability to live comfortably in retirement.
If you have a financial milestone you’d like to start preparing for, it’s important to begin with a plan. Evaluate your current needs and spending habits to develop a realistic goal and plan of action based on your unique financial picture.
