The Coronavirus Aid, Relief, and Economic Security (CARES) Act

< 1 minute read

Two trillion is an insanely huge number. Two trillion is also the amount of money provided by The Coronavirus Aid, Relief, and Economic Security (CARES) Act for various stimulus and relief measures aimed at lessening the economic fallout that the coronavirus has caused and is likely to continue to cause.

With $2 trillion you could buy every single share of Amazon’s stock and still have money leftover. That’s insane to try and comprehend.

One million is a much easier number to understand, so try this one on for size: one million seconds is equal to 12 days; one billion seconds is equal to 31 years; and one trillion seconds is 31,688 years!

Finally, take a look at this visualization for another sense of scale of what $1 trillion of $100 bills would look like.

CARES Act Explained

The CARES Act includes many different provisions meant to help both individuals and small businesses that are being affected by social distancing. From Recovery Rebates (checks sent to Americans) to debt forbearance to enhanced unemployment benefits to small business loans, among so much more, there’s a ton within the bill to dive into.

I wrote two articles on my employer’s blog page about many of the provisions within the CARES Act and how they could affect individuals, small businesses, and the self-employed, so rather than duplicate my efforts (it was a lot) you can read them here:

The Coronavirus Aid, Relief, and Economic Security (CARES) Act for Individuals

The Coronavirus Aid, Relief, and Economic Security (CARES) Act for Small Businesses

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