As the coronavirus pandemic drags on, a new poll finds it is having different effects on Americans’ economic well-being. For some, the virus has meant lost income or struggles to pay bills on time — particularly among Hispanic, Black and younger Americans.
Lots of people have more time than money nowadays. If you’re one — maybe you’re taking a staycation or you freed up commuting hours by working from home — optimize that extra time by making smart financial moves that won’t cost a dime.
Doors bursting open at stores. Crowds spilling into the aisles. Elbows brushing up against others. Products flying off shelves. These are the hallmark images of Black Friday. Well, they were. That was before the COVID-19 pandemic gripped the nation.
Thanks to quick online applications and, in some cases, instant approval, credit cards make it as easy to build your credit history as it is to make purchases. But they can also make it easy to fall into debt if you struggle to pay on time or tend to spend more than you have.
A reader recently reached out after his elderly mother died, asking how soon he could distribute the $10,000 she had earmarked in her will for each of her two grandchildren.
Millennials, you're taking a big hit — again. And you're not OK, either, boomers. Sometimes at odds, America's two largest generations now have something to agree on: The coronavirus pandemic has smacked many of them at a pivotal time in their lives.
