Tens of millions of Americans have filed for unemployment benefits since the coronavirus outbreak began. Well over one-in-four people have suffered a moderate or severe financial setback in recent weeks. Consumer confidence is plunging. In this episode we look at the best ways to cope with a sudden drop in income.
Beverly Harzog, the personal finance and credit card expert at US News and World Report, is our guest. She's the author of five bestselling personal finance books.
From keeping your credit score intact to claiming all the benefits you're entitled to; we look at urgent ways to weather the storm at a time of unprecedented economic crisis.
Read moreMuch of what we took for granted, including daily routines, have been upended during the coronavirus pandemic. At a time when many have new questions about our personal values, traditions and lifestyles, this could be a teachable moment.
Social media may have been helpful in convincing people about the need for social distancing, wearing masks and other recent changes. "It really did allow norms to be transmitted very very quickly," says our guest, Amherst College psychology professor Catherine Sanderson.
In this episode we also discuss Catherine's research into the psychology of inaction and the themes of her new book, "Why We Act. Turning Bystanders Into Moral Rebels." Why is bad behavior, from sexual harassment to political corruption frequently tolerated? Why do many of us fail to intervene when we're needed?
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