Florida business's doors chained and padlocked closed (Photo: Bloomberg)

With layoffs, job losses and stock market fluctuations,nearly everyone is experiencing some sort of economic repercussionfrom the pandemic. In fact, the U.S. Departmentof Labor now shows that there are more jobless claims thanduring the Great Recession or any natural disaster.

The government is stepping in to help with the CARES Act stimulus bill that puts money intothe hands of consumers, increases unemployment benefits andprovides loans to small businesses. Utility and mortgage companiesare offering forbearance and payment deferrals for those who cannotmeet their monthly obligations. Student loan payments have been suspended with noadditional interest until September.

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