Nobel prize-winning economist Robert Shiller is worried the coronavirus fear factor will weigh on the country for years. According to the Yale University professor, the economic and psychological toll from the coronavirus pandemic could linger — especially if states scrap reopenings due to the virus spikes. “Looks like we might be entering a second phase,”
This recession is different, but different isn’t necessarily a disaster. Financial expert and market analyst John Mauldin says the recession of 2020 is unique. In the first place, by any metric it’s worse than any recession we’ve seen in the last 90 years. In the second place, that’s because our economy has moved in the
Economic Security Planning, Inc. Today’s column addresses questions about the ability to receive spousal benefits after filing early for Social Security retirement benefits, taking Social Security survivor benefits before retirement benefits and whether a survivor’s benefit from a non-covered pension would affect Social Security retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston
CEO of Snappt and President of Berlind Properties. Getty With all 50 states in the process of unfolding plans to reopen the economy after the shutdown caused by the Covid-19 crisis, landlords and tenants alike are curious as to what this new normal will mean for rent payment, deferment or evictions. Like all things in the ongoing
People line up outside of the Social Security Administration office in San Francisco. Getty Images Prospective retirees often face one big question: How long can my funds last? Now, a mainstay for retirement — Social Security — is facing the very same question. Social Security relies on the money in its trust funds, from which it
Steven Mnuchin, U.S. Treasury secretary, speaks during a Senate Small Business and Entrepreneurship Committee hearing in Washington, D.C., U.S., on Wednesday, June 10, 2020. Al Drago | Bloomberg | Getty Images Companies have returned or canceled more than $30 billion in loans approved through the government’s emergency Paycheck Protection Program, a senior administration official said
The coronavirus pandemic has upended the global jobs market. From enjoying one of the tightest labor markets in years, the U.S. is now facing chronic unemployment rates, with similar stories playing out across the world. That paradigm shift has moved power away from employees and over to employers, as countless candidates vie over the same
A man gets tested for coronavirus at a COVID19 testing center on July 7, 2020 in Austin, Texas. Sergio Flores | Getty Images Texas reported more than 10,000 additional Covid-19 cases Tuesday, a record-breaking daily surge as the state responds to a growing outbreak and an increase in hospitalizations. The Texas Health and Human Services
A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City. Alexi Rosenfeld | Getty Images AMC Entertainment shares jumped as much as 21% after the close of regular trading on Tuesday following a story in the Wall Street
Covid-19 has thrown off everyone’s habit of visiting our aging loved ones. Assisted living, independent living and nursing homes have isolated their residents for months. In most places, no one can visit in person yet. That has to change. Elders’ isolation is doing harm. Some homes have figured out a safe way to allow visitation.
WASHINGTON, DC – JUNE 05: U.S. President Donald Trump shushes journalists before signing the … [+] Paycheck Protection Program Flexibility Act in the Rose Garden at the White House June 05, 2020 in Washington, DC. In the midst of nationwide protests against the death of George Floyd, the U.S. Labor Department announced the unemployment rate
The Mar-a-Lago estate at the water’s edge in Palm Beach, Florida. The mansion was built by Marjorie … [+] Merriweather Post in the 1920s. Corbis via Getty Images Glenn Parada, the head of an eponymous mortgage empire that recently established its headquarters in Palm Beach, Florida, was born in El Salvador at the peak of
Paul Hennessy | NurPhoto | Getty Images For Medicare beneficiaries who are eyeing a move to another state, be sure to consider what your coverage would look like once you get there. Whether you already were planning to relocate or the coronavirus pandemic has sparked the idea, it’s important to know the various Medicare rules
A shopper walks with bags of purchases. Pedestrian and vehicular traffic have noticeably increased as businesses mark the next phase of reopening the economy today in New York City. John Lamparski | SOPA Images | Getty Images Black American consumers are hoping to make the financial and economic community pay attention Tuesday by using the
U.S. President Donald Trump hosts an event on reopening schools amid the coronavirus disease (COVID-19) pandemic in the East Room at the White House in Washington, U.S., July 7, 2020. Kevin Lamarque | Reuters Multiple businesses with ties to President Donald Trump received millions of dollars in small business relief loans backed by the administration.
A Tyson Foods Inc. facility stands in Lexington, Nebraska, U.S., on Friday, April 24, 2020. Nebraska businesses that have laid off workers during the coronavirus crisis could be forced to repay tax credits and other incentives they have received through the states main business-incentive program, the state Department of Revenue said. Dan Brouillette | Bloomberg
Signage for Shake Shack Inc. is displayed on a glass door at the company’s restaurant in Shanghai, China, on Thursday, Jan. 24, 2019. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Novavax — The biotech stock soared 29% after the company announced that it was awarded $1.6
We’ve heard a lot lately about how the COVID-19 pandemic is dramatically disrupting the retirement preparations of tens of millions of working Americans. Being furloughed from work or having your small business fail is causing people to dip into savings and interrupts putting money aside toward retirement. Those closest to retiring can be in the
On the surface, it looked like corporate professional services functions like accounting, finance and legal fared pretty well during the Covid-19 crisis. The vast majority of these roles were already set up for some level of work-from-home operations and – unlike other areas of the economy such as travel, hospitality and retail – they were
There’s been a lot of analysis and debate on exactly where the stock market is headed in the post-COVID-19 environment. But much less attention has been focused on the housing market. Or more precisely, on whether now is the right time to buy a house. Getty On the plus side, house prices have held steady