On March 27, 2020, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a historic $2 trillion stimulus package designed to provide economic relief to Americans affected by the coronavirus pandemic, which by now includes every single person in the … Read more about What Does National Stimulus Relief Mean for You?
Are the Stock Market and the Economy Out of Sync?
In normal times, the stock market is often a reflection of the economy. But these are not normal times. Even though April was marked by a global shutdown of businesses, rampant unemployment and low economic growth, the S&P 500 Index ended the month up 12.9%. This represented the highest … Read more about Are the Stock Market and the Economy Out of Sync?
How to Deal With Financial Stress
A recent survey by the National Endowment for Financial Education found that almost 90% of Americans were feeling anxious about their money situation.1 39% were worried about job security 48% worried about paying bills 28% didn’t know if they could pay their utilities 41% were worried … Read more about How to Deal With Financial Stress
The Perks and Pitfalls of Self-Employment
Sole proprietors in the U.S. caught a huge break in April. The Paycheck Protection Program, borne out of the economic hardship caused by the COVID-19 pandemic, became available to solo entrepreneurs and independent contractors on April 10, 2020.1 According to a 2017 survey, 36% of U.S. workers … Read more about The Perks and Pitfalls of Self-Employment
Gender Dynamics: Pre- and Post-Pandemic
In past recessions, industries like manufacturing and construction were often the hardest hit. For example, some economists referred to the Great Recession as a “man-cession” because at the outset, more men lost jobs than women. In some households, wives were able to find employment more often than … Read more about Gender Dynamics: Pre- and Post-Pandemic