Roughly 20 million Americans are still waiting for the stimulus check from the CARES Act to hit their wallets.
The money was targeted at individuals who made less than $75,000 or couples making less than $150,000 on their 2019 tax filings.
Since that bill passed in late March, the unemployment rate has climbed to 14.7 percent.
Half of respondents in a recent NPR, PBS Newshour and Marist poll said at least one person in their household has either lost a job or had work hours cut.
In April alone, the American economy lost 20.5 million jobs, according to a jobs report the federal government released last week.
Wednesday on MPR News with Kerri Miller, two finance experts took listener calls and questions on how to manage your money during a period of economic uncertainty.
Guests:
Jill Schlesinger is a business analyst for CBS News, a certified financial planner and the author of the book, “The Dumb Things Smart People Do With Their Money: Thirteen Ways to Right Your Financial Wrongs.”
Sandra Block is a senior editor for Kiplinger’s Personal Finance.
To listen to the full conversation you can use the audio player above.
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