Coronavirus: Do I Need a Trust?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 21 May 2020

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Few personal finance to-dos are more vexing than estate planning. But in this pandemic crisis, no other issue is more important. The need is immediate and pressing for front-line health care workers and first responders, but also necessary for everyone else. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Corona virus Market Update. It is Wednesday morning
0:09.9	here on the East Coast. We're recording this for Thursday in your feed.
0:14.0	What does that mean?
0:15.0	That means it's Thursday.
0:16.6	So we're going to have some unemployment information.
0:20.5	Weekly jobless claims come out at 8.30 Eastern Time, so I'll make sure we talk about that
0:27.5	tomorrow when this comes into your feed.
0:30.6	But here's some interesting news from the Congressional Budget Office that we just got yesterday.
0:37.0	And that is that the pandemic's financial fallout is really going to be rough.
0:43.4	CBO says that the US economy is going to be 1.6% smaller
0:50.0	at the end of next year than it was at the end of 2019.
0:54.6	And CBO also sees the unemployment rate
0:56.8	staying above 15% through September,
1:00.9	likely to remain above 9% through 2021.
1:04.3	And remember, that's just a percentage point
1:06.8	below where we were at the Great Recession high.
1:09.2	And that's going to be all next year.
1:11.2	So this stuff is going to continue, and we're going to be here to help walk
1:16.0	you through this. Hopefully you have not lost your job, hopefully you have not lost
1:21.1	hours, but if you have and you know somebody who has, just send us an email.
1:27.0	The address here is Ask Jill at Jill on Money.com.
1:32.0	Ask Jill at Jill on money.com. Ask Jill at Jill on money.
	...

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