President Trump signed an executive order calling for a deferral of the employees’ portion of the payroll tax from Sept. 1 through the end of the year. Currently, employers and
Continue reading »Emergency savings are tumbling during pandemic, especially in households with income under $50,000
Of households with income below $50,000, about 44% say their savings has dropped, compared with 27% of those earning above that amount, a Bankrate survey shows. By age group, the
Continue reading »Lost your summer getaway due to Covid-19? How to get your money back
The coronavirus pandemic led to the cancelation or postponement of numerous events, including Coachella and the 2020 Summer Olympics. Vacations have also been scuttled. Close to 3 in 10 purchasers
Continue reading »The $600 unemployment boost just expired. Families are already hurting
Some 30 million Americans just lost the $600-a-week federal unemployment boost. Many people's lives have been turned upside down by the change. In a few weeks, Courtney Davis will give
Continue reading »Republican senators propose $1,000 stimulus checks
Lawmakers are haggling over how much aid to provide Americans, and a second set of stimulus checks is no exception. On Thursday, a group of Republican senators called for sending
Continue reading »The $600 unemployment payments are likely ending. Here's why
The CARES Act enhanced unemployment benefits with an extra $600 a week in payments. The aid is scheduled to end after July 31 unless Congress extends it. Republicans view the
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