Learning you’re going to lose your job can be a major blow; one that can trigger a tidal wave of financial anxiety. However, this is an event that happens to many Americans for one reason or another, and it’s not always their fault.
Case in point: Few predicted the trajectory of the coronavirus and the impact it would have on not only the health of Americans, but the employment status. As one expert predicts for the New York Times, the jobless rate for March 2020 may have reached approximately 13 percent — the highest level of unemployment since the Great Depression.…
Unemployment is a problem for both the government and the public. For the public, the issue of relying on benefits to cover day-to-day costs can be stressful. Meanwhile, the government has the issue of the public having less expendable income as a result, which then weakens the economy. But for many, trying to get out of unemployment can be difficult for a variety of reasons, from disabilities to high street stores closing in waves.
In particular, the threat of unemployment is weighing heavily on retail staff.…
The loss of a job is always a stressful situation, whether it’s through dismissal or redundancy. At this time of year, having a steady income never seems more important, but thanks to the continuing financial difficulties the UK is facing, jobs have also never felt more insecure.
One of the biggest worries for those facing unemployment is the risk of bankruptcy and the fate of the family home. Homeowners naturally carry massive debts in the form of mortgages, but what will happen to your home in the unfortunate event of bankruptcy?…
