If you have less than stellar credit, you may be classified as someone who is “subprime,” meaning that your credit score is lower than what is required to get the best interest rates, or “prime.” More than a third (34.8%) of Americans fall into the subprime credit category, according to …
Read More »Additional $ 600 unemployment benefits will end before July 31
For the tens of millions of Americans receiving unemployment benefits, the additional $ 600 increase will be exhausted sooner than expected. The weekly payments of $ 600 from the federal pandemic unemployment compensation program were implemented as part of the $ 2.2 billion CARES Act Congress approved in late March. …
Read More »$ 1.4 billion in stimulus checks sent to dead Americans
Getty More than 1 million deceased Americans received stimulus payments totaling more than $ 1 billion, according to a government watchdog agency in a report released Thursday in Congress. The payments were awarded under the $ 2 trillion Coronavirus Economic Aid, Relief and Security Act (CARES) to help aid Americans …
Read More »Mortgage rates remain constant at record lows, but can you really take advantage of them?
Mortgage rates held at record lows for the second straight week, which could present an opportunity for some homeowners to increase their emergency funds. The 30-year fixed-rate mortgage averaged 3.13% for the week ending June 25, unchanged from the previous week, Freddie Mac FMCC, + 0.47% reported Thursday. Comparatively, these …
Read More »Why is there so much drama about when to claim Social Security?
No wonder there is such wide disagreement about the optimal age to start receiving Social Security. The seemingly trivial differences in the way you ask the question lead to dramatically different answers. You’ll get an answer if you frame the problem in terms of how long future retirees must live …
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