Let's face it: The COVID-19 crisis has been raging for two months now, and while some states are taking steps to open up, the economy is still in terrible shape. Not only are unemployment levels at an all-time high, but Americans whose jobs have held steady are increasingly worried about getting laid off.
As such, it's not crazy to assume that the current slump we're dealing with could very well be our reality for the next year ahead. Sure, the economy could recover more quickly, but without a crystal ball, it's impossible to know. A good bet, therefore, may be to hope for the best but prepare for the worst, and to do so, you'll want to make the following moves.
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