Week 5 discussion | Business & Finance homework help

Need help with week 5 discussion

Post by  Josilyn Acevedo

Hello class and professor,

This financial crash has impacted me in more than one way. First, it has impacted my ability to get back to work once my time ended for staying home after giving birth. Not getting back to work right away put a hardship in my life with some of my finances. It also made it more difficult to purchase normal essential and some non essential items due to raising prices in the stores. Another way this financial crisis has impacted my life is when I couldn’t get back to work when I had planned to. I needed to apply for Unemployment which made this even worse than they already were because I couldn’t reach anyone for months. Having less money than usual to pay the usual amount of money for my expenses brought a hardship on the situation.

This financial crash has impacted me in many ways, such as my ability to work and support myself. When I was laid off from my job due to the pandemic, it drastically affected my ability to pay for bills and groceries. Additionally, since my former employer could no longer provide retirement benefits, I have had to save more of my own money for retirement. This has created an additional burden on me financially.

It has also impacted some of the people that I know. One of them is a friend who previously worked at a hotel which was forced to close down during the pandemic. He found himself unemployed with little hope of finding new employment in his field and could not get assistance from unemployment because he did not meet their requirements due to paperwork issues. It was very disheartening when looking into this further as all he wanted was an opportunity back into his field despite these setbacks he faced while trying receive help!

Overall, this crisis caused hardships and setbacks throughout our communities making it difficult for individuals to make ends meet or even just get by day-to-day without having worry about how they were going to afford basic necessities become overwhelming burdens that seemed impossible for some individuals affected by the financial crash globally – causing uneasiness among families everywhere!