ONYX Magazine May/June 2020

Page 18

MONEY MATTERS

Being Fiscally Fit in Turbulent Times By Laura Dorsey

18 ONYX MAGAZINE

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oronavirus (COVID-19) is no respecter of persons— uninfluenced by rank, power, wealth, etc. COVID-19 has no consideration for the toll that the pandemic will take—the businesses it will destroy, the jobs it will wipe out, the retirement nest eggs it will crack and shatter. That there will be economic pain is evident. Many people already see their incomes cut as their work hours are slashed, or they are told simply to stay home. Workers most at risk include millions in the leisure and hospitality industries, transportation services, and the energy sector. We know we are in for a period of severe economic pain and when we get through this issue, we want to know that we can come out on the other side. If there is any hope, it is likely that the federal government has more power to soften the economic blow than it does to con-


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