As the number of Americans without jobs continues to rise, more states are providing unemployment benefits to gig workers and those who are self-employed. About 4.4 million new workers applied for unemployment in the week ending April 18, bringing the total number of out-of-work Americans to about 26.5 million over the past five weeks, the
Wealth
The average American graduates college with more than $29,000 in student loans. And odds are they will be making monthly payments on those debts for the next 20 years of their lives. If you’re like many current or prospective parents, you want your kids to go to college without taking on burdensome loans. But knowing
Javon Kinlaw is part of an incredibly exclusive club, as one of just a handful of college football players who are expected to be early first-round selections when the 2020 NFL Draft kicks off on Thursday night. But Kinlaw’s story becomes even more unique than his fellow soon-to-be NFL draft picks when you consider just
When Jyri Engestrom, a 42-year-old entrepreneur who runs a small early stage venture fund in San Francisco, California, read an article in the Guardian newspaper about an Italian village that tested its entire community for the novel coronavirus and was reportedly able to eradicate the virus by doing so, he was inspired. Engestrom wanted to do
In times of economic volatility, such as the current downturn due to the coronavirus pandemic, many people begin to question whether they’re financially prepared and capable of managing their money well. Some may be figuring out how to budget for the first time, especially if they’re worried about losing their job. Others may find themselves trying
The U.S. is currently grappling with unprecedented levels of unemployment and is predicted to experience a coronavirus-induced recession at least through 2021. As of April 17, over 22 million American workers had lost their jobs due to coronavirus. Alexander Colvin, a labor and employment researcher and dean of the ILR School at Cornell University tells
Emotions run high at the Olin College of Engineering “Fauxmencement” for senior students on March 12, 2020, two months early, held because of coronavirus fears in Needham, MA. John Tlumacki/The Boston Globe via Getty Images Internships for college students are among the job opportunities hard hit as a result of the COVID-19 pandemic, with many
Peter Mallouk, president and chief investment officer of Creative Planning, says that the coronavirus downturn can be the perfect time to max out and take more risks with your 401(k). Mallouk says for younger investors, the current market is an opportunity to buy low and bet on a recovery happening before you are ready to
Situated on a Brooklyn city block lined with a dry cleaner, several eateries and a preschool is Woods Grove, a small storefront embellished with gold lettering. The modest exterior houses an eclectic mix of gifts and vintage items, from candles and soaps to scarves and jewelry. After two years in Brooklyn, Woods Grove’s business was
Roughly 22 million Americans have filed for unemployment in the last month while the coronavirus pandemic upended the U.S. economy. But those numbers only account for people who’ve been able to get past site crashes, never-ending wait times by phone and other logistical challenges in order to file an unemployment claim with their state office.
In 1982, Michael Jordan was just a teenager — he wasn’t even yet the best player on his University of North Carolina basketball team. He still had to write home to his mother asking for stamps and spending money. Yet Jordan made it known to those around him that he had lofty ambitions, and that he
From weird dreams and nightmares to increased insomnia, the coronavirus pandemic has stimulated some unusual sleep issues for many people. As a member of the outreach and public education committee for the Society of Behavioral Sleep Medicine and a behavioral sleep researcher at the University of Alabama at Birmingham, a number of patients have been asking: “Why is this happening, and
If you and your partner are worried about the impact the coronavirus pandemic may have on your job security or finances, it’s a good idea to start working together now to shore up the stability of your household. To help you get started, here are five tips from financial experts on what to do now
In 2016, Steve Adcock quit his six-figure job and retired at 35. His wife, Courtney, left her 9-to-5 a year later and joined him in early retirement. They did it by saving up to 70% of their combined income, which ranged from $200,000 to $230,000 a year. For the past few years, the couple have
It’s been nearly five weeks since I first flew to Stockholm, Sweden, from New York City to visit my husband, who is a Swedish citizen and lives in his home country while we navigate the visa process in the U.S. What was initially supposed to be an eight-day trip quickly turned into a much longer
The coronavirus pandemic has forced millions of Americans to work from home over the past month, and likely into the foreseeable future. Understandably, working remotely is easier for some employees than others, as coordinating with colleagues sprawled across the map can prove to be a difficult test of patience and technology. But what do you
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 12 of 30. If you’ve used the same password
Experiencing intense flashbacks, nightmares, irritability, anger, and fear? In the face of a traumatic event like the Covid-19 pandemic, it’s common to feel this way. While many people associate post-traumatic stress disorder with something like war, it’s a chronic psychiatric disorder that can occur in people who have experienced or witnessed a traumatic event, such as
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 11 of 30. Balance sheets, which list out all
The historic $2.2 trillion stimulus package dramatically expanded unemployment insurance benefits for the millions of workers losing jobs and wages during the coronavirus pandemic. But while the relief bill was signed into law on March 27, it’s taken weeks for the U.S. Department of Labor to roll out guidelines to states, which administer unemployment programs, on how
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