About half of millennial and Gen X mortgage borrowers say someone in their household is on unemployment. Many worry about paying their mortgage when extra benefits end.
Author: Jessica Menton, USA TODAY
There are two COVID Americas. One hopes for an extension of federal unemployment and stimulus. The other is saving and spending.
The aftermath of the coronavirus recession has split America in two: Those who have emerged from the crisis still financially intact versus others who are shaken.
‘I hide in the bathroom and cry’: Americans struggle with unemployment delays
Thus far, just 57% of unemployment applications have been paid, according to The Century Foundation.
Dow drops 361 points as surging virus cases dim recovery hopes
Stocks slumped Thursday as concerns about another surge in coronavirus cases outweighed optimism over a declining trend in layoffs.
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Dow rebounds 580 points on recovery hopes after selloff
Stocks clawed back gains Monday after last week’s selloff as investors weighed a resurgence in coronavirus cases and the possibility of further lockdowns with hopes of more monetary stimulus.
Dow drops 700 points, caps week with losses as virus cases surge
Stocks slid Friday, as investors weighed the Fed’s move to temporarily suspend shareholder payouts by big banks ahead of a potential recession.
Is July 15th still tax day? Treasury may consider delaying deadline to Sept. 15, Mnuchin says
Treasury Secretary Steven Mnuchin left the door open to extending the July 15 tax deadline for a second time as Americans grapple with the economic fallout from the pandemic.
Dow drops 700 points as virus cases surge, IMF cuts global outlook
Stocks fell Wednesday on worries over the prospects of a quick economic recovery after the IMF projected the global recession will be worse than initially expected.
A dream home, a vintage school bus and quirky roller skates: Here’s what couples are buying with their pandemic wedding funds
Wedding bells won’t be ringing for many couples this summer after the pandemic forced Americans to cancel or postpone their nuptials. But some are using the money to buy their dream home, or make quirky purchases from a bus to roller skates.
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