Americans say they’re saving money. Retail spending is up. Low interest rates have sparked the housing market and the stock market has rebounded from its initial pandemic dive. But how does any of this make sense when so many people are struggling financially months into the Covid-19 crisis and the recession that came with it?
The past several months have been a difficult time for the many people across the country battling the global Covid-19 pandemic. The impacts reached almost every person, from essential employees and those who contracted the virus, to the general population sheltering in place to minimize the spread of the disease. Being stuck at home has
Start ’em early. How early is too early to familiarize your kids with core money concepts like earning, spending, saving, debt, credit, and investing? Money can seem like an inappropriate or simply overwhelming topic to bring up to your kids, but it doesn’t need to be—in fact, it absolutely shouldn’t be. “Would you ever let
Money has a way of driving rifts in relationships, especially romantic ones. A study of 4,500 couples even found that money-related arguments were the most intense fights couples had, no matter their income or debt levels. “Arguments about money are the top predictor for divorce because it happens at all levels,” lead researcher Sonya Britt, assistant
The pandemic of 2020 has created nothing but chaos on all fronts. Whether your concerns are focused on how COVID-19 poses an extreme danger to our seniors, unprecedented unemployment rates, the feasibility of students learning full-time online, or what the long-term impacts of government-stimulated growth might look like, there’s no shortage of reasons to feel
The Federal Reserve cut interest rates to near-zero in March, making it less expensive for consumers to borrow money as a way to limit the coronavirus impact on the economy. That means you’ll likely see your credit card APR get cheaper, and so will interest rates on mortgages, auto loans and student loans. If you’re