The wave of layoffs makes it imperative to have a financial plan in place, even if you’re still working. Here’s how to do it.
As plans emerge to reopen parts of the U.S. economy, a new WSJ/NBC News poll shows the majority of Americans think it will be a long time before the economy can return to normal. WSJ’s Gerald F. Seib explains. Photo: G. Ronald Lopez/ZUMA WireWith tens of millions of Americans losing their jobs, the U.S. is approaching Depression-era levels of unemployment. Millions of households across the country are staring at their budgets trying to figure out how to save money, lower bills and cut back.
Even if you haven’t lost your job, now can be a good opportunity to start creating a sound financial plan. Most people don’t have a solid grasp of their financial situation, says Stephanie Mackara, president of Charleston Investment Advisors in Mount Pleasant, S.C., and author...
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