Over the past few weeks, terms like “social
distancing” and “self-isolation” have found their
way into the common vernacular and will no doubt end up being the
Merriam Webster words of the year. In the wake of the exponential
spread of the COVID-19 virus and the resulting shut down of
non-essential businesses, we are all adjusting to a new financial
landscape.
To say that the current crisis is dynamic would be a serious
understatement. To be sure, the shuttering of businesses during the
government-mandated shut down period has had an immediate effect on
owners that now have debt obligations but no revenue and on
employees who must rely upon their savings and whatever aid is
offered as part of government stimulus packages.
