Start saving up as much money as you can

Feds just cut rates this morning to account for the losses as a result of the economic impact of the Coronavirus

This hasn’t been done since like 08 during the housing crisis

This helps Wall Street but isn’t doing s*** for everyday Americans

You’ve seen numerous global conferences cancel and tours being cancelled because of the spread of this thing.

The virus itself is nothing to fear but the effects it’ll have on the Economy are unprecedented

If you’re currently living paycheck to paycheck or are struggling START SAVING NOW

There is no telling how long this s*** is going to last and you don’t want to be caught with your pants down when your job closes due to spread concerns and aren’t getting paid for your time off. Even if work stops due dates won’t.

A couple schools in NY closed after the recent reported deaths. It’s only a matter of time before restaurants, malls, parks, pretty much anything public gets closed due to fear of spreading. Numerous doctors are sounding off about how they don’t even have the necessary kits to test this s***. Trump just recently had cut CDC funding

This isn’t fear monger as much as it is just a heads up that even if you don’t die or contract the disease your life could still be effected.

This might be the straw that breaks the camels back and sends the US into another recession as previously projected

Got my piggy bank coins.

I need to get that new animal crossing switch tho

U rite, s*** sucks. I put 4K into the market 3 weeks ago, then the whole f***in market crashed a week later smh.

U should hold onto it

my job said we can work from home once s*** starts popping off so lowkey hope one of my coworkers takes one for the team tbh

No offense man, but why did you invest when the market was literally approaching an all-time high?

Those numbers prob got him excited

Should I pull money out of savings??

Should you be asking ktt life section this kinda question?

Your savings won’t mean much if they don’t accumulate interest and as the feds keep cutting the rate to adjust for losses you’ll only be losing money so it’s up to you man

very unlearned about money stuff

can someone explain what the feds cutting rates means
or provide a link to somethin that details such

if only they taught this in high school

Just stay in, things will rise again. Long term investment is the way to go anyway (imo)

I’m good for a bit if things go south like that, but I’m wondering if I should move some cash into the home instead of keeping it all in accounts at the bank

thats it keep liquidating your assets im sure nobody will benefit off of your rash decisions

Damn ima have to cancel all my only fans subscriptions

I've been wanting to start on this Gaming PC project that I keep putting off for four years now.

This is so God damn frustrating

Lower interest rates encourage businesses to invest in capital instead of consumers goods because loans are “cheaper” which stimulates economic growth.

i can write a detailed response when I'm back from the gym if you want

you want to get on that asap cause the parts being produced in china might be scarce and production slows down

do not listen to this guy he is completely ed

How am i supposed to pay for my premium snaps now