It may be time to get creative when it comes to making money. If you are among the millions of Americans without work amid the coronavirus pandemic, you’re facing roadblocks not seen in years. With unemployment hitting post-World War II records and shelter-in-place restrictions ongoing, competition is fierce for the jobs that are available. That’s why experts suggest
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It’s hard to imagine being paid to borrow money or penalized for saving. But the economic shock from Covid-19 may call for drastic measures. Up until this point, the Federal Reserve has never brought its benchmark rate into negative territory and, according to Federal Reserve Chairman Jerome Powell, the Fed is not considering going to negative interest rates now. “The
A view of new York State Department of labor office in Flushing Queens during coronavirus pandemic on April 12, 2020. (Photo by John Nacion/NurPhoto via Getty Images) NurPhoto Democrats want to give Americans larger unemployment checks until next year. Certain workers — particularly those in lower-paying industries like accommodation and food services — stand to benefit
Maybe your job won’t come back. Your industry might be completely transformed. You might be homeschooling for longer than you imagined. Welcome to trying to get off the ground during the age of coronavirus. Nichole Young, 34, was in the final stages in March of interviewing with a company that paused on new hires. The
In the massive legislative package House Democrats unveiled on Tuesday to inject more relief into an economy battered by the coronavirus, unemployed Americans would get an extra $600 a week through the end of the year. In the stimulus bill Congress passed in March, many jobless Americans became eligible for that weekly payment on top
U.S. Representative, Nancy Pelosi (D-CA) at the ceremonial swearing in of Representative Elect Kweisi Mfume (D-MD). Michael Brochstein | Barcroft Media | Getty Images Fewer people itemizing Since the new tax law, significantly fewer people are claiming the SALT deduction. About 16 million taxpayers claimed the SALT deduction for the 2018 tax year, according to
More than ever, the nation’s colleges want you to enroll — even if you can’t set foot on campus. That means accepting more students for the Class of 2024 than in recent years. “Many schools, right now, are still admitting students,” said Robert Franek, editor in chief of The Princeton Review and author of “The Best
US Treasury Refund Check Thomas Winz Millions of Americans have received their federal stimulus checks in the past four weeks. The IRS has updated its data on just how much emergency relief has been sent. And it shows which states received the most money. Congress gave the green light through the Cares Act for the
U.S. President Donald Trump speaks during a meeting with Republican members of Congress in the State Dining Room at the White House in Washington, U.S., May 8, 2020. Tom Brenner | Reuters President Donald Trump is reportedly considering another way to get more money to struggling Americans by letting them take an advance on their
Richard Cordray, former director of the Consumer Financial Protection Bureau and author of “Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy” Congress provided borrowers a lifeline when it passed the CARES Act. Whether it will deliver significant relief to consumers remains to be seen. The $2.2 trillion coronavirus relief bill