How Young Adults Can Manage Loss of Income During the COVID-19 Pandemic
Tip Sheet
Date Posted: Wednesday, July 22, 2020Abstract
The COVID-19 pandemic has caused many people to lose income because of pay cuts, lay-offs, or furloughs. This loss of income can be very scary and may be the first time you’ve been on your own and out of work. It can be overwhelming to figure out how to pay your different bills (e.g., school loans, credit cards, rent, food, etc.). In order to make ends meet, you may need to use any emergency savings you’ve built, apply for unemployment benefits, or use your stimulus payment. This tip sheet provides some ideas and resources on how to manage if you’ve lost your job or are getting less pay due to the current health crisis.
Subject Area
Transition Age Youth
Keywords
young adults, COVID-19, COVID19, transition age youth, economic shutdown, finances, budgeting, food insecurity, unemployment, lay-off, furlough, SNAP, mental health conditions. TAY, transition-age youth, jobs, income, paying bills, pandemic, job loss, young adults with mental health conditions
Suggested Citation
Logan DG,. How Young Adults Can Manage Loss of Income During the COVID-19 Pandemic. Psychiatry Information in Brief 2020;17(13):1153. https://doi.org/10.7191/pib.1153. Retrieved from https://escholarship.umassmed.edu/pib/vol17/iss13/1
