Congress today approved a $2 trillion emergency economic aid package to help Americans withstand the COVID-19 pandemic, including measures to help bolster individuals’ financial well-being. The package also provides relief to distressed businesses that were forced to close and lay off or furlough workers because of the crisis.
The dramatic downturn in the financial markets spurred by concerns about COVID-19 is reminiscent of the Great Recession of 2008. But we’ve learned some lessons since then. Those close to retirement and watching their IRA or 401(k) values drop may have a silver lining.
With the markets in turmoil, Nathan Sheets, former U.S. undersecretary of the Treasury for International Affairs and current chief economist at PGIM Fixed Income, answered 10 questions about what the coronavirus could mean for the global economy.
With the stock market now in bear market territory, many families with college on the horizon have experienced painful losses in their 529 plans and Coverdell accounts. Here are some considerations if you are worried about managing college expenses.
As the coronavirus continues to spread beyond China and Asia, Americans are increasingly concerned not just about the potential negative impact it could have on their health, but also about the implications for their personal finances and the state of the U.S. economy overall, according to new research released by Prudential.
Prudential has been named one of the World’s Most Ethical Companies by the Ethisphere Institute®, a leader in defining and advancing the standards of ethical business practices, for the sixth straight year.
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