Congress is close to passing a nearly $2 trillion economic stimulus package aimed at easing the damage inflicted by the coronavirus pandemic. It includes expanded unemployment benefits, a $350 billion program to help small businesses, and a $1,200 check to most Americans.
It’s welcome relief for many who are struggling to pay rent, afford health care and buy groceries. But is it enough? What’s the best plan for when the rebate is gone? And will the stimulus package provide more relief to big business than to the individual?
It’s tough out there.
MPR News host Kerri Miller spoke with two leading experts in personal finance about how you can prioritize and make smart decisions during this unprecedented time.
Sandra Block, senior editor for Kiplinger’s Personal Finance
Michelle Singletary, personal finance columnist for The Washington Post