CARES Act: What it means for US consumers in simple terms

By Alexis Boris-Waterman

As we are all dealing with the consequences of COVID-19 on our lives, I want to share the most important highlights of the Coronavirus Aid, Relief and Financial Security (CARES) Act and how to protect yourself and your family members.

This sweeping $two.two trillion laws is unparalleled in the history of our country and offers major financial aid to handle the effects of COVID-19.

The CARES Act is additional than 800 internet pages extended, but right here are some of the financial provisions most applicable for you and what this means for you and your liked kinds.

If you are suitable for a hard cash payment

Most people earning much less than $75,000 can hope a a person-time hard cash payment of $one,two hundred.

Married couples would every single obtain a check out and family members would get $500 for each child.

That means a family members

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