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When Life Gives You Lemons...

Career

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1. A record number of _____ Americans filed for unemployment in the last week of March 2020.

4 million
5 .5 million
6.6 million
7 million

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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1. A record number of _____ Americans filed for unemployment in the last week of March 2020.

4 million
5 .5 million
6.6 million
7 million

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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2. According to CNN Business, what percentage of Americans cannot afford a $400 emergency?

10%
20%
40%
80%

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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2. According to CNN Business, what percentage of Americans cannot afford a $400 emergency?

10%
20%
40%
80%

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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3. Which workers below are not typically eligible for unemployment benefits?

retail workers
self-employed
performing artist
nurses

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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3. Which workers below are not typically eligible for unemployment benefits?

retail workers
self-employed
performing artist
nurses

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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4. What is one action that large credit and loan companies are taking in response to covid 19?

forgiving all debts owed by consumers
extending due dates and waiving late fees
offering relief in the form of 50% off all debts
replacing income for those who lost jobs

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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4. What is one action that large credit and loan companies are taking in response to covid 19?

forgiving all debts owed by consumers
extending due dates and waiving late fees
offering relief in the form of 50% off all debts
replacing income for those who lost jobS

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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5. Two truths and a lie! Choose the lie:

The Great Depression had a lower unemployment rate than covid 19 pandemic.
Economists know how long the pandemic will last.
Stimulus package includes pausing all student loan debt.

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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5. Two truths and a lie! Choose the lie:

The Great Depression had a lower unemployment rate than covid 19 pandemic.
Economists know how long the pandemic will last.
Stimulus package includes pausing all student loan debt.

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

What are other actions someone could take if they lost their income due to the coronavirus pandemic?

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Relevant Resources from NGPF:

COVID-19: Market Crash & The Stimulus Bill (Edpuzzles)
What's the maximum unemployment benefit in your state? (Question of the Day)
READ: Making it in the Gig Economy (Budgeting Activity)

References:

40% of Americans don’t have $400 in the bank for emergency expenses: Federal Reserve

(abcnews.com)

What To Do If You Lose Your Job During The Coronavirus Pandemic (Liz Greh)
Which Consumer Lenders Are (and Aren’t) Helping the Most (NY Times)

WHEN LIFE GIVES YOU LEMONS… | APRIL 3, 2020 EDITION | NEXT GEN PERSONAL FINANCE