|This Amazon driver can't get a single route!|
I thought I was diversified:
- Income from work included meetings and events, rideshare driving and making deliveries. Even Amazon deliveries have slowed down dramatically as they way overhired drivers here. There's just not enough work to go around. The entire meeting industry has ceased and I'm not comfortable giving strangers rides in my car at the moment (not to mention the significant drop in demand).
- I own real estate including single-family long-term rentals, a short-term Airbnb, and am a minority partner in 5 apartment complexes. I am also geographically diversified. The Airbnb is obviously suffering - beaches are closed. My long-term tenants are struggling to pay or planning to move out. The apartment complexes are also struggling with cash flow issues.
- My stock portfolio was heavy on dividend paying companies, cruise lines and retailers. I expect dividends to be cut, and most of the stocks have plummeted in value.
So, even though our income is derived from multiple sources, it's taking approximately a 90% hit right now. Thus, I don't feel I have a choice but to file for unemployment.