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Document Type

Transitions ACR

Publication Date

2020-07-22

DOI

10.7191/pib.1153

Abstract

The COVID-19 pandemic has caused many people to lose income because of pay cuts, lay-offs, or furloughs. This loss of income can be very scary and may be the first time you’ve been on your own and out of work. It can be overwhelming to figure out how to pay your different bills (e.g., school loans, credit cards, rent, food, etc.). In order to make ends meet, you may need to use any emergency savings you’ve built, apply for unemployment benefits, or use your stimulus payment. This tip sheet provides some ideas and resources on how to manage if you’ve lost your job or are getting less pay due to the current health crisis.

Subject Area

Transition Age Youth

Keywords

young adults, COVID-19, COVID19, transition age youth, economic shutdown, finances, budgeting, food insecurity, unemployment, lay-off, furlough, SNAP, mental health conditions. TAY, transition-age youth, jobs, income, paying bills, pandemic, job loss, young adults with mental health conditions

Rights and Permissions

© 2020 University of Massachusetts.

Creative Commons License

Creative Commons Attribution-Noncommercial-Share Alike 3.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 License.

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Email the Authors

Deirdre G. Logan and TransitionsACR@umassmed.edu