Due to a lack of preparation and delayed action in response to the quickly spreading coronavirus (COVID-19) pandemic, the United States is not only now in the midst of a public health crisis (exponentially growing, and already with more confirmed cases than any other country), but it is surely now in the middle of a cascading economic crisis as well. This past week, jobless claims totaled nearly 3.3 million people – a 5X increase over the previous weekly record from 1982. As a comparison, jobless claims totaled 665,000 in the worst single week during the Great Recession. Meanwhile, U.S....
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[Read the rest of the story at 20somethingfinance.com]