There are a lot of acronyms in the news these days, which can add to the confusion and stress. Let’s talk about the acronym CARES. CARES stands for Coronavirus Aid, Relief, and Economic Security Act. The CARES Act is a law meant to address the economic fallout of the 2020 Coronavirus pandemic. Its intent is to provide fast and direct economic assistance for American workers, families, and small businesses, and to preserve jobs for American industries.
The CARES Act is funding the stimulus checks that many people currently have received or will be receiving. Please be aware of scams. The government will not call and ask for your bank account information, or your social security number, nor will they ask for any payment from you in order to receive your stimulus check. For additional information on the CARES Act please visit the website https://home.treasury.gov/policy-issues/cares.
By: Brenda Langdon