The big question about whether Congress will pass another coronavirus stimulus bill is, will they? From jobs to savings to retirement plans, the coronavirus epidemic has decimated the financial lives of many Americans. Millions of Americans facing severe economic hardship are hoping for more relief, including extended federal unemployment benefits …
Read More »Test your knowledge of Social Security benefits
Jim McGuire | fake pictures If you are like many Americans, you will not answer this question about Social Security correctly: “I must be a US citizen to collect Social Security retirement benefits.” The insurance company MassMutual recently asked 12 true / false questions like this about the federal program …
Read More »The next relief bill could include stimulus checks, job bonds.
Pedestrians in Washington pass a “We Are Open” restaurant sign during the Covid-19 outbreak on May 12. Jonathan Ernst | Reuters When it comes to the next coronavirus stimulus package and providing more direct financial aid, the question on the lips of most Americans is, “Will they or won’t they?” …
Read More »What to know if you plan to claim Social Security
PeopleImages | E + | fake pictures Deciding when to take your Social Security retirement benefits is a crucial decision no matter when you do it. Making that call during the coronavirus pandemic can increase the stakes. This is because the age at which you decide to claim will block …
Read More »US consumer spending increased 8.2%, partially erasing the record drop
WASHINGTON (AP) – American consumers increased spending by a record 8.2% in May, partially erasing huge declines in the previous two months, in the context of an economy that is likely to be slowing down at its fastest pace recorded this quarter. The pickup in consumer spending last month followed …
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