Adilisha Patrom (R) speaks to a buyer in her coronavirus pop-up retailer in Washington, DC, on March 6, 2020.
NICHOLAS KAMM
Are you financially ready if you cannot go to work?
As fears concerning the coronavirus mount, so do issues about doable quarantines, workplace closures and college shutdowns.
"It is all the time conditions like this that make individuals scramble," mentioned licensed monetary planner Carolyn McClanahan, founder and director of monetary planning at Life Planning Companions in Jacksonville, Florida.
How financially devastating it might finally be relies on your scenario.
"If they're dwelling paycheck to paycheck and don't have any social help, it may very well be crushing," mentioned McClanahan, who started her profession as a medical physician and now focuses on well being and monetary points.
The most effective factor to do is all the time be ready for unhealthy issues to occur as a result of sooner or later they'll.
Carolyn McClanahan
director of monetary planning at Life Planning Companions
"Hopefully collectors, employers and people with means...
Supply cnbc.com
