Understanding the Impact of Coronavirus on the Economy

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The current headlines are filled with hour by hour updates on coronavirus: how far it has spread, every new case reported in the United States, and the massive stock market sell-off last week. There are lots of resources out there for what this new virus is and how you can prevent it, as well as how to prepare and protect your family from it. But many of my followers wanted to better understand about coronavirus and the economy and why this threat of global pandemic has caused such a market sell-off. So this week’s post is in response to all those questions, including when we think it will all recover and what you should do in the interim.

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About Meghan

Meghan spent nearly a decade as a Financial Analyst, before spending the last 7+ as a SAHM to three little ones. She shares simple money tips for moms to help your family reach your financial goals by building a financial plan you can LIVE with! You can learn more about her background in finance, catch her daily on Instagram and Facebook, and her weekly live discussions in her community for Family Finance Moms.


  1. Elise on March 6, 2020 at 11:00 am

    Thank you for this review! I’ve been wanting this! The margin in the example business you point out is really good – I wish I could have a margin so good! – smaller businesses with lower margins (under 10% for retail for example) may have more catastrophic impacts sooner.

    • Meghan on March 8, 2020 at 3:26 pm

      Very true – I just made up some numbers as an example. The smaller your margin, the higher your fixed costs, the higher your debt levels and the less savings you have to weather through this disruption, the more trouble your business will be in.

  2. When Will The Economy Recover on April 26, 2020 at 1:55 pm

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