The COVID-19 pandemic has caused upheaval at every level in society. Workers are being laid off or having their hours cut, hospitals are experiencing shortages, and state governments have mandated “shelter-in-place” conditions for people across the country.
Meanwhile, universities have shut down, evicting students from dorms on short notice and shifting lessons online. Some institutions have even had to cancel or postpone commencement ceremonies.
All of this caused panic and confusion among young people, who may not be as equipped to deal with financial hardships as older adults.
“Because of the ever-changing environment right now, many are faced with unexpected expenses and have had to make major adjustments,” says Valerie Moses, senior relationship manager at Addition Financial, a credit union in Central Florida.
We asked Moses, who works regularly with college students, for her perspective on how they can weather the storm in this time of uncer… Read More