With a staggering 6.6 million jobless claims released this morning--and over 16 million people in the U.S. now unemployed--people may be looking for some advice.
Jim Cramer weighed in with some key advice.
Watch the video above for more.
It's been something that we have been constantly talking about. Jim, one number that we talked about all morning this morning was the jobless claims number, which came in and now there's nearly 17 million people who don't have jobs this morning. Now, if no one's read your book who's watching this, they would know that you lived out of your car for a little while. And based on that, Jim, I want you to give some advice to our viewers who are worried about our finances.
All right. Well, I lived out on my car, I had everything stolen from me including my checkbook. And it was my account was closed out and yet, I still contributed when I got paid, $10 to the Magellan Fund. And I did $10 to the Magellan Fund. I owed a lot of money to people. They all caught up with me, but I still kept investing. And it was small. But if you look at what it ended up being, you would say, "You know what? This is amazing what you can do." So at a time, even of just tremendous pressure on people. I'm urging you to put $10 away. Urging, maybe like it's the equivalent of $40. Because $10 was a lot then.
Got a Question for Cramer?
Send it in!
Every day, TheStreet and I are looking for questions on the markets, send yours in for a chance to have it asked on the show.
If you're a member of Action Alerts PLUS, please continue to send your questions to the team at AAP.
Catch up on the Latest Videos on TheStreet!
- Thursday Coronavirus Update: India Considers Extending Lockdown, New York Overtakes Spain in Case Count
- Jim Cramer Says It's Time for President Trump to Pick Up a History Book
- Jim Cramer's Opinion on Caterpillar
- Sallie Krawcheck: How to Handle Market Volatility, Manage Personal Finances During the Coronavirus Pandemic