Month: May 2020

Many homeowners want to refinance existing mortgages to take advantage of record-low interest rates. Getty Mortgage rates have been hitting record lows during the economic downturn and could fall even further. Lenders have responded to the increased economic uncertainty by raising minimum credit scores, requiring higher down payments, checking and rechecking employment status and eliminating
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Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. Elijah Nouvelage | Reuters Delta Air Lines offered retirement and buyout packages to employees on Thursday, an effort to cut costs as the coronavirus
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Photographer Frank Gallagher Courtesy of Frank Gallagher Why are so many Americans over 65 self-employed? If you’re thinking the answer lies in Nelly’s lyrics, “Hey, must be the money!” you are mistaken. At least that’s what three researchers found in their recent research looking at self-employment and contract work by age. “In some cases, financial
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The U.S. death toll from the coronavirus passed 100,000 late Wednesday, far exceeding reported deaths in every other country. Black Americans made up a disproportionately large share of the deaths, according to an analysis of data from the Centers for Disease Control and Prevention. Two new studies that looked at the share of total infections that are asymptomatic
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A Popeyes fast food chain restaurant is seen on August 30, 2019 on a street of Washington D.C. – Chick it out! US restaurant chain Popeyes launched a fried chicken sandwich which became such a social media sensation, the company has run out of stock nationwide, leaving would-be consumers crying fowl. On August 12, Popeyes
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College students today have been dealt a difficult hand. The class of COVID-19 has been forced to cut their college careers short, give up a traditional graduation ceremony and begin their professional careers during the most hostile labor market since the Great Depression.  Many of these students have had their job offers rescinded, and are looking
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Never has the money sitting in your 401(k) retirement savings plan looked so enticing.  Thanks to the CARES Act stimulus package Congress passed in March, if you’ve been negatively impacted by the coronavirus pandemic, you can pull up to $100,000 from your retirement account through the end of the year, without being dinged the usual 10% early withdrawal
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A pink piggy bank stands on a blue medical background in a medical mask. Getty Watch Robert Goulder, contributing editor at Tax Notes International, and Joseph Thorndike, director of the History Project at Tax Analysts and contributing editor at Tax Notes Federal, discuss economic parallels between the coronavirus pandemic, the Great Depression, and other key moments in U.S. history. Here
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