( NerdWallet /Gray News) - The coronavirus pandemic has thrown tens of millions of people into financial turmoil. But not everyone is feeling the pinch. Not yet, at least.
Roughly a quarter of Americans (24%) said the coronavirus crisis has not impacted their financial situation, according to a survey conducted April 10-12 by J.D. Power. But that figure could change as more companies cut salaries, halt 401(k) match programs and announce layoffs while they struggle to adjust to the new normal.
Quite a lot has been going on:
Can the coronavirus survive on money? – Twin Cities
Yes, but experts say the risk of getting the virus from cash is low compared with person-to-person spread, which is the main way people get infected.
Still, many businesses worldwide have banned cash transactions and governments are taking extra precautions.
More Americans saving money; experts say it poses risk to economic recovery
The pandemic may have pushed you to save money with all the uncertainty out there about making ends meet, but financial experts say it could also pose a risk to our economy’s recovery.
Linda Kobler just got back to work at the Naples Soap Company, and though business is back in action, she said her spending won’t be.
“Right now as a family unit, we’re all being very careful and really only purchasing our necessities at this point,” she said.
How To Start A New Travel Website And Make Money During Coronavirus
A woman wearing a skull-design face mask uses a laptop computer (Photo by PATRICK BAZ / AFP) (Photo ... [+] by PATRICK BAZ/AFP via Getty Images)
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If you're an expert within a field, building a website with content based on your expertise can help you make money during the coronavirus. Affiliate marketing helps bloggers and other website owners monetize their website.
PARIS, FRANCE - MARCH 19: A woman uses a computer to work from her home (Photo by Chesnot/Getty ... [+] Images)
In case you are keeping track:
Coronavirus: Democratic stimulus includes checks, money for states
WASHINGTON – State and local governments would share nearly $1 trillion in federal aid to cover their coronavirus-related costs and families would get another round of direct payments under a stimulus bill House Democrats unveiled Tuesday.
The bill is likely to get a cool reception in the GOP-controlled Senate where leaders have said they want to let the first $2.4 trillion of stimulus spending take full effect before moving on another measure that would pile on to the nation's soaring debt.
Noon deadline to set up direct deposit for federal stimulus money
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More than 20 million people who qualified for federal stimulus payments still have not received any money.
The IRS says anyone that falls into that category has until noon Wednesday to make changes online if they want to receive a direct deposit.
Just go to the IRS' Get My Payment page and tap the blue Get My Payment button to set up direct deposit. On the next page tap OK for authorized use.
On the Get My Payment page, enter your Social Security number or individual tax ID, your date of birth, your street address and your ZIP or postal code.
'That money was essentially burned': Google's aid isn't enough to save travel businesses, CEOs
The two sides didn't come to an agreement. Oddo, meanwhile, took more drastic steps to make ends meet, laying off or furloughing more than half his staff, reducing his team to about 45 people from more than 100.
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Travel CEOs say that isn't enough. Oddo is one of several heads of small travel businesses that have petitioned Google to step up its support. In addition to negotiating a new payment plan, he would like more time to use the credits. Other CEOs are asking for cash rebates for first-quarter advertising, which didn't yield much return because people around the world canceled their trips.
This new site is all about money for military spouses
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Questions about managing debt, dealing with finances during permanent change of station moves, deployments and unexpected emergencies like the economic fallout of the coronavirus pandemic?
It includes timely information on how to protect your finances during this COVID-19 pandemic, and resources for those in the military community in financial need, whether it's because of the pandemic, or other needs.
Created by the DoD Office of Financial Readiness, the website offers sections of information on topics starting with Money Ready 101 through Money Ready 401, with explanations, videos, articles and blogs, financial calculators and quizzes.
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