In times of financial distress, credit cards are one of the easiest ways to access cash. During the coronavirus crisis, more than half, or 51%, of adults with credit card debt — roughly 51 million people — added to their balances, according to a report by CreditCards.com. And 44% blame the pandemic, the report found.
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Kevin Dietsch/UPI/Bloomberg via Getty Images President Joe Biden wants to avoid another unemployment benefits cliff. Instead of an abrupt end to jobless benefits, as occurred for millions of Americans the day after Christmas, Biden wants to gradually phase out aid over time. The mechanism to achieve this goal is known as an “automatic stabilizer,” in
President Biden delivers remarks before signing a “Made in America” Executive Order at the White House on Jan. 25, 2021. Jim Watson | AFP | Getty Images A new $1.9 trillion plan pushed by President Joe Biden includes a host of initiatives aimed at shoring up Americans’ finances as the Covid-19 pandemic rages on. That
New York Gov. Andrew Cuomo Lev Radin/Pacific Press/LightRocket via Getty Images “Tax the rich” policies being weighed in some statehouses to cover Covid-era budget shortfalls may make more sense in the current economy. Inequality has been a hallmark of the pandemic recovery, marked by job loss for those at the bottom and soaring wealth for
FG Trade | Getty Images Tax filing season is swiftly approaching, and many Americans may be able to file their returns for free. About 70% of people filing taxes in the U.S., equal to roughly 100 million Americans, are eligible for a free program through the IRS, according to the agency. Even more may be
Audrey Saracco / EyeEm If your $600 stimulus payment still hasn’t landed in your bank account, you may be wondering if you can still expect it. According to the most recent guidance from the IRS, the answer is “maybe.” Millions of second stimulus checks have been deployed in recent weeks after Congress approved the payments
Behind on your rent? A new fund helps those apply for assistance. Diego Martin Lopez | iStock | Getty Images A $25 billion federal rental assistance fund will soon be disbursed to states, allowing those struggling amid the pandemic to apply for the money. By one estimate, 14 million Americans are behind on their rent
President Joe Biden signs an executive order after speaking during an event on his administration’s Covid-19 response with U.S. Vice President Kamala Harris, left, in the State Dining Room of the White House in Washington, on Thursday, Jan. 21, 2021. Al Drago | Bloomberg | Getty Images The more than 40 million Americans who rely
U.S. President Joe Biden speaks about his administration’s plans to fight the coronavirus disease (COVID-19) pandemic during a COVID-19 response event at the White House in Washington, January 21, 2021. Jonathan Ernst | Reuters Newly elected President Joe Biden has a tall list of priorities in his first days in office, with stemming the pandemic
Nate Wlodarchak, left, and his husband Shawn Wlodarchak. Source: Nate Wlodarchak As Nate Wlodarchak drove people to the polls on Election Day, he couldn’t stop picturing his life without student debt. On the campaign trail, now President Joe Biden had promised to forgive $10,000 of the loans for all borrowers, which would practically reset Wlodarchak’s