How to Live Off Your Emergency Fund
You know that rainy day you were saving for? Well, it's finally here. If you're one of millions of American workers whose paycheck has been slashed thanks to coronavirus, it's time to learn a new, leaner lifestyle -- and fast.
According to the March ADP National Employment report, private companies cut 27,000 jobs from February through March 12 of this year. But that's only a tiny hint of what coronavirus containment strategies could do to employment in the U.S. Unfortunately, the biggest shutdowns across the country occurred after the end date of that ADP report. California, for example, issued its stay-at-home order on March 19. New Jersey Governor Phil Murphy ordered residents to stay home as of March 21, and New York Governor Andrew Cuomo followed suit the next day. Other states, like Florida and Pennsylvania, didn't mandate stay-at-home orders until April 1.
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Source Fool.com
