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Wendy Furth

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Wendy Furth

Furth & Associates

Blog

by Wendy Furth

April 20, 2020


by Keeping Current Matters
There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly unemployed when it was determined that the only way to defeat this horrific virus was to shut down businesses across the nation. One second a person was gainfully employed, a switch was turned, and then the room went dark on their livelihood.The financial pain so many families are facing right now is deep.How deep will the pain cut?Major institutions are forecasting unemployment rates last seen during the Great Depression. Here are a few projections:Goldman Sachs – 15%Merrill Lynch – 10.6%JP Morgan – 8.5%Wells Fargo – 7.3%How long will the pain last?As horrific as those numbers are, there is some good news. . . .

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