The coronavirus pandemic has left over 16 million Americans without jobs.
Sallie Krawcheck, CEO of Ellevest, joined TheStreet to give advice on how to find work during the pandemic.
She also talked about her thoughts around investing in the current market and how to handle your finances.
Watch the full interview here: How to Handle Market Volatility, Manage Personal Finances During the Coronavirus Pandemic
The coronavirus pandemic has shut down everything from retail to sports and it's having an impact not only on our finances but also on our portfolios. Joining me to weigh in on how investors, and quite frankly everyone, should approach their finances during this pandemic is Sallie Krawcheck, CEO of Ellevest. Sallie, nearly 10 million Americans have lost their jobs in the past two weeks with more expected this week. What's your advice to anyone struggling to find work right now?
Yeah, it's unprecedented, it's absolutely unprecedented. We can't look to anything in history for this type of sudden stop and these types of job losses, just like we can't look to any time in history for moving from bull market to bear market so quickly. And, look, for those people who've lost their jobs, I'd say the actions to take this time, network, network, network, network, like you've never networked before. There is no shame right now in having lost your job. Look to industries that are hiring. There are still any number that are in the streaming business, for example, that are hiring, and recognize that some won't bounce back as quickly. And of course, absolutely, be taking a look at your expenses.