Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

13 Financial Aftermaths That Will Affect Seniors’ Budget

May 12, 2020 · Personal finance

8. Unemployment benefits are more robust than usual

It’s very likely that your unemployment benefits might not make up for your lost paycheck. You, along with thousands of Americans might need to budget like never before, not to mention dipping into emergency savings.

Luckily, however, the CARE Act has been extended by 13 weeks, with an added bonus of $600 per week.

Help your savings and budgeting plans by taking these new numbers into account. Even if your way of living is severely affected, that $600 dollars could help you maintain normalcy in your household, so try to hold off on Social Security, even if it means aggressing budgeting.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Why More Retirees Are Choosing 55+ Active Adult Communities in 2026
  • A brass house key sits next to a residential lease agreement on a wooden table, illuminated by morning sunlight. How to Decide Whether to Rent or Own in Retirement
  • A retired couple sits outside their motorhome at sunrise overlooking a vast desert canyon. 10 Reasons Retirees Are Choosing RV Life Over Traditional Homes
  • A candid photo of a grandmother and grandson laughing while playing at a kitchen island in a busy, warm family home. The Rise of Multi-Generational Living: Why Retirees Are Moving in with Family
  • A retiree couple in a large sunlit living room with packing boxes, looking out at a smaller cottage in the yard. Why More Retirees Are Moving to Smaller Homes in 2026
  • A senior woman looking thoughtfully at her phone in a bright, modern home office. 6 Social Security Scams You Need to Pay Attention to
  • A happy retired couple enjoying the sunset on a beautiful porch. 8 States to Retire For Less Than 45K a Year
  • A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town. 10 Countries to Retire Where $150K Is More Than Enough
  • A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work. 20 Great Part-Time Jobs For Retirees
  • A senior couple smiling while looking at a tablet in a bright, modern kitchen. 5 Crucial Medicare Changes Coming Soon

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

Divorcing in Retirement? Here Are 15 Ways To Safeguard Your Financial Future

Modify your will or estate documents accordingly In most wills and estate planning documents, spouses…

Read More →

12 Creative Ways To Earn Passive Income in Retirement

Rent your outdoor adventure vehicles – If you’re the proud owner of an RV, camper van,…

Read More →

22 Useful Tips to Maximize Your Retirement Benefits

Go for a raise If you want to be eligible for Social Security benefits, it…

Read More →

21 Ways to Get on Top of Your Retirement Now!

What To Do if You’re 50 or Older If your 20s, 30s and 40s have…

Read More →

12 Best Kirkland Products You Should Get at Costco

Discover the top 12 Kirkland Signature products at Costco that help retirees stretch their fixed…

Read More →

8 Most Tax-Friendly States To Retire in 2022

Colorado – Retirees in Colorado are as carefree as it gets. The state’s median property tax…

Read More →

10 Tax Breaks For Retirees Over 50

Additional IRA deduction – Older workers can defer paying income tax on more money, in comparison…

Read More →
A senior woman smiling while using a tablet in a bright, modern living room.

14 Smart Home Ideas for Independent Seniors

Discover 14 practical smart home ideas and aging in place technology to help independent seniors…

Read More →

Top 10 Retirement Planning Apps You Need To Download Today

Fidelity Retirement Score The online brokerage Fidelity Investments site has an online app that you…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.