Op-ed: As US job loss hits 26.4 million, it's time to talk to kids about financial reality of coronavirus crisis investinyou (In partnership with acorns.)
Jack E. Kosakowski, president and CEO of Junior Achievement USAOn Thursday more than 26.4 million Americans have filed unemployment claims as a result of the coronavirus crisis.
A new survey of 1,000 teens by Junior Achievement and Citizens Bank|Citizens One shows that 69% of teens are concerned about the financial impact of COVID-19 on them and their families. To help kids navigate these difficult times, it's essential to be open with them about how you are managing the financial aspects of the coronavirus in terms they can understand.The COVID-19 pandemic is not only the most significant public health crisis facing the world in a century, it's also an economic one. Over a span of just five weeks,claims as a result of the crisis, a number that is expected to grow as the pandemic continues.
But kids see what's happening in the news and on social media. That's why it's essential to be open and discuss with them the financial realities of the coronavirus.Just because kids aren't asking questions doesn't mean they aren't worried. Be open to discussing with your kids how you are managing the financial aspects of Covid-19 in terms they can understand but that are reassuring.
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