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Marlene Y. Satter has worked in and written about the financial industry for decades.
Trump has also proclaimed a desire to see it cut permanently.
Meanwhile, 49 percent of employers are considering layoffs while more than a third are freezing new hires.
Younger boomers already had the deck stacked against them because of too little retirement savings.
You can take some actions to help yourself.
Oddly, they are also less likely to understand how the virus spreads.
Check out our entirely unscientific list of films and TV programs that might take your mind off COVID-19 worries. Or not.
To make up for expected revenue losses, medical staffing firm Alteon Health is cutting hours and benefits for its workers.
In addition, a task force has been formed to pursue those who try to hoard or gouge on items needed to fight the virus.
When it comes to renters, 45 percent don't have enough savings to cover a month's rent.
If social distancing is getting to you and the itch to meet with clients or potential clients is growing stronger, here are other strategies to try.