By AKEMI KONDO DALVI, CPA/PFS, CFP
Our current U.S. government shutdown is the 22 nd recorded since 1976. So far, the stock market has shrugged off the shutdown as unconcerning. Perhaps traders have become accustomed to government shutdowns, but some economists worry the market may be too optimistic.
In the past, some government shutdowns have been as short as one day. Most recently the December 2018 through January 2019 shutdown was our longest on record, lasting 34 days.
You may be wondering how you will be affected by the government shutdown. Under a federal government shutdown, federal employees who are considered to provide essential services must still report to work, although they are not paid until the government reopens, meaning they need to live off savings temporarily.
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