Personal finance

Tomas Vargas, Jr., of Stockton, Calif., says that receiving money through the city’s universal basic income experiment has been life changing. Snap Jackson Photography A few years ago, Tomas Vargas, Jr., was having a tough time supporting his family. The Stockton, California, resident, a part-time supervisor at UPS, found his paychecks were not enough to
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Changes to Medicare that advocates have been seeking may end up in the next federal coronavirus relief legislation,  experts say. The Republican-controlled Senate is expected to unveil its version of the next stimulus package in late July as the Covid-19 pandemic continues to slow economic recovery and unemployment remains high. Senate Majority Leader Mitch McConnell,
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Getty Banks earned billions of dollars in fees from processing over 4.5 million Paycheck Protection Program (PPP) loans worth more than $511 billion in the last several months, with the largest haul going to the country’s biggest banks, according to a new U.S. Small Business Administration (SBA) report. The financial institutions processing coronavirus rescue loans
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Crisserbug | Getty Images With more Americans under financial pressure due to the coronavirus, paying for college is a growing problem. Nearly 70% of families are worried about how they will cover the cost and more than half now say their higher education plans have changed due to Covid-19. By necessity, some students will attend a community college close to
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TaskRabbit CEO SAN FRANCISCO, CA – OCTOBER 12: Stacy Brown-Philpot speaks onstage during WIRED25 Work: Inside San … [+] Francisco’s Most Innovative Workplaces on October 12, 2018 in San Francisco, California. (Photo by Phillip Faraone/Getty Images for WIRED25 ) Getty Images for WIRED25 Stacy Brown-Philpot is leaving the San Francisco-based gig worker marketplace that hires
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Justin Sullivan | Getty Images For many older folks, enrolling in Medicare leads to the conclusion that a supplemental plan — aka “Medigap” — is the best fit for their circumstances.  However, that decision generally isn’t the end of the process. Although Medigap policies are standardized in most places, regardless of which insurance company offers
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Paracetamol tablets and a label which reads ‘out of stock’ Getty Ongoing disruptions in the globalized pharma supply chains causing drug shortages in the United States are at their highest in five years. Prescription medications dispensed through health systems, and pharmacies are seeing outages. Scarcities exist in a wide range of drugs used in cardiovascular,
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If you’re in the market for a house and are considering an “interest-only” mortgage, proceed with caution. With tightened lending standards amid ongoing economic uncertainty — coupled with continually rising home prices and persistent low interest rates — some borrowers may gravitate to these so-called interest-only loans, experts say. These are loans where you only
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Tim Robberts Saving for retirement can be hard. Planning how to spend that nest egg — while ensuring the money doesn’t run out — is harder. But there’s good news: Americans can build a simple, low-cost retirement plan using just Social Security and savings, according to experts. From an academic standpoint, the “optimal” retirement strategy combines two
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Motor finance is one of the credit products included in the latest FCA proposals Getty The Financial Conduct Authority is asking lenders to provide continued support for users of motor finance and high cost credit products who continue to face financial difficulties due to coronavirus (Covid-19). Earlier this week it confirmed extended support for credit
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WASHINGTON, DC – JUNE 30: Federal Reserve Chair Jerome H. Powell and U.S. Secretary of the Treasury … [+] Steven Mnuchin greet each other after testifying before the House Financial Services Committee on Capitol Hill on June 30, 2020 in Washington, DC. Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin testified on their
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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 most Americans’ lips is, “Will they or won’t they?” One political analyst predicts it’s likely lawmakers
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ROBERTO SCHMIDT It’s impossible to think about racial injustice in the U.S. without looking at the distribution of dollars.  In many ways that Americans work to establish themselves financially — through the stock market,  net worth and homeownership — Black families trail White families. “To put it simply, we don’t have a level playing field,” said Evelyn Brodkin, an
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