The pandemic’s effect on your money

April is Financial Literacy Month, so this week the Federal Trade Commission is talking about financial resiliency. The Coronavirus has been devastating for many people’s financial lives. Through no fault of their own, millions have lost jobs, businesses, and savings due to the financial impact of the pandemic. Many folks are simply trying to decide how to put food on the table and keep their housing. Some, who were able to keep their jobs, are hanging in there. And others are somewhere in between.

Over the next five days, we’ll talk about some back-to-basics steps for anyone looking ahead toward financial recovery. We’ll talk about managing debt, avoiding payment scams, checking your credit, and spotting job scams. As we work to get our lives back to normal, it’s more important than ever to look out for each other, our family, friends, and neighbors. So, when you spot a scam, report it to the FTC. And then tell those around you about it so they can protect themselves.

Also, check out and share this video about why to report scams.

Stay tuned this week for some practical ideas you can share with your family, friends, and community. Share this blog, the video, and follow along on social media at #FinancialLiteracyMonth.

Blog Topics:

Money & CreditDealing with DebtJobs & Making MoneyJob HuntingPrivacy, Identity & Online SecurityOnline Security

by Jim Kreidler, Consumer Education Specialist, FTC

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