Featured image: The staff of the Greater Memphis Financial Empowerment Center are working remotely now but are still serving existing and new clients with their financial health. (RISE Foundation)
By Andrea Valenzuela for HIGH GROUND NEWS
The coronavirus pandemic isn’t just a health crisis, it’s an economic crisis as well.
In Tennessee, the state’s unemployment website has seen a 2,000% increase in traffic since the week prior to the first wave of nonessential business closures across the state. Even more people have keep their job, but had their hours and pay reduced.
As COVID-19 began impacting day-to-day life in Memphis, RISE has sought ways to adapt their programs to continue serving the community.
The RISE foundation has been providing financial literacy training and assisting Memphis families to build assets and make better financial choices for over 20 years.
Karen Madlock, operations manager with the Greater Memphis Financial Empowerment Center, is urging Mid-Southerners facing financial uncertainty to address their existing and potential debts head on and sooner than later.
“If you know that your income has been reduced or eliminated, contact your creditors and let them know what’s going on,” she said. “The worst thing you can do is not address it.” Read More>>
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