Charlotte program helps residents navigate financial issues amid worrisome U.S. economy

Charlotte program helps residents navigate financial issues amid worrisome U.S. economy

CHARLOTTE — The city of Charlotte launched a new program to help people navigate through the U.S. economy that’s under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic.

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A flurry of data released Wednesday suggested that the spread of the virus is intensifying the threats to an economy still struggling to recover from the deep recession that struck in early spring. The number of Americans seeking unemployment aid rose last week for a second straight week to 778,000, evidence that many employers are still slashing jobs more than eight months after the virus hit. More than 6 million people are actively receiving unemployment benefits.

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Common Wealth Charlotte is partnering with the city of Charlotte to provide resources.

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“What makes this program different, is that it is the first concentrated effort to assemble federal, state and local resources for problems particularly related to the COVID-19 process, said Chuck Jones, executive director of Common Wealth Charlotte. “The financial difficulties most people run into are rent, utilities and childcare costs in trying to navigate through this. So, if someone has a particular situation where rent has to be paid, or they may be facing an eviction, there are a number of programs at all three of those levels that people will be able to tap into. And get either a grant or a loan or ongoing financial counseling that would help them resolve that problem.”

Services are available in English and Spanish.

For more information on the program, CLICK HERE.

The Associated Press contributed to this article.

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