
Financial Lessons to Learn This Pandemic
The pandemic could be many things to the health and business sector. To families, though, it is a financial crisis, which no one saw coming.
Millions of families struggled around the world during the pandemic, especially those with lower incomes. Because it was an unforeseen situation that closed down industries, many people lost their jobs. Thus, they struggled with their daily expenses, including food on the table and paying their bills. Some even lost their homes because they couldn't afford rent.
According to the survey by YouGov for Forbes Advisor, most Americans could only save one to three months of their expenses for emergencies. But, during the pandemic, 73.3% of the survey respondents already used up half or more of their savings.
Some families had enough to put food on...