Can people who are affected by COVID-19 recover their savings or is that money truly gone for them?
The pandemic being experienced in America and around the world is likely going to have long-lasting consequences. Financially some people will have no choice but to use savings intended for other things. This might include money planned for retirement or education. Some people will be able to eventually replace the money spent to make ends meet during a difficult time, but many more will likely never fully recover.
This podcast episode talks about the loss of a person's savings during the pandemic and the future.
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