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Six ways to prepare for a temporary layoff

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Facing a furlough? Six ways to prepare.

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Six ways to prepare for a temporary layoff

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With budget negotiations still at a standstill in Congress and the sequester now in effect, many Americans are starting to feel the pinch of reduced federal spending. Some 775,000 federal employees are being forced to take four to 15 days of furlough by Sept. 30, when the fiscal year ends. Even nongovernment workers, employed by companies heavily dependent on government business, might face furloughs or even layoffs if revenues drop. These painful situations are useful reminders that everyone should prepare for the possibility of an unexpected pay reduction. Here are six tips to get ready:

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Many Americans are starting to feel the pinch of reduced federal spending.Government and even nongovernment workers face furloughs or even layoffs as the budget purse strings tighten. Here are six ways to get ready for a furlough or unexpected layoff:

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By Wayne von Borstel , Contributor

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August 22, 2013

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August 22, 2013

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No

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