The coronavirus of 2020 and the Spanish flu pandemic of 1918 have many differences and share many similarities, but they also combine at one point: their impact on the economy and employment, and in particular, how richer people had better opportunities to survive their respective pandemics. Both pandemics involve new, …
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Americans with 401 (k) plans may think they have saved a lot for retirement, but a new government rule will show them exactly how much money they will see in their old age. The Department of Labor has published its interim final rule whereby managers have plans for defined contributions, …
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Lower-income Americans were more likely to spend their stimulus checks, but more Americans could also spend their stimulus checks if more businesses were open when the checks began in late April, research found. (Photo: Getty.) What did people do with their stimulus controls? People who spend most of their stimulus …
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For the first time during the pandemic, weekly unemployment claims dipped below 1 million, but there are likely to be many more Americans eligible for unemployment benefits that were not applicable. When the $ 2 trillion CARES law was passed in March, the self-employed, self-employed, gig workers and other non-traditional …
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The COVID-19 pandemic has caused us to think about many parts of our daily existence, such as our health, jobs, where we live, our financial future, education, travel and the simple handshake. But according to data released Tuesday, many savers are still financially on the path to retirement. The combination …
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