Personal finance

A store displays a sign before closing down permanently in Arlington, Virginia. OLIVIER DOULIERY/AFP via Getty Images State and local officials have begun closing some businesses to counter a new surge in coronavirus infections, potentially putting Americans out of work for the second time since the spring. Delaware and Nevada are among the states where
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Getty Images If you receive a text, email or phone call purporting to be from the Social Security Administration, think twice before responding. The people on the other end are likely fraudsters. And they’re looking to catch individuals off guard and take advantage of their fears. The November Retirement Confidence Index from SimplyWise, a technology
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Jeanne Flynn, 34, has accumulated thousands in credit card debt while waiting for unemployment benefits to arrive in New Jersey. Jeanne Flynn Jeanne Flynn used to worry about money. But never like this. Flynn, 34, lost her restaurant job in March as the coronavirus pandemic raged. Months of waiting for unemployment benefits and little savings
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Volunteers distribute food to the needy in Orlando, Fla. Paul Hennessy/NurPhoto via Getty Images About 12 million Americans will lose unemployment benefits in December when CARES Act provisions lapse, absent an extension, according to a new analysis. Unemployment benefits will terminate for more than half of current recipients at the end of the year, coinciding
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The Internal Revenue Service (IRS) headquarters in Washington, D.C. Janhvi Bhojwani | CNBC Entrepreneurs who took a forgivable loan this year can’t write off certain expenses on their taxes if they expect the debt will be forgiven, according to the IRS and Treasury Department. The two agencies issued guidance Wednesday on the Paycheck Protection Program
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Source: BioNTech Older Americans eager to get vaccinated against Covid-19 may need to exercise some patience. While Medicare — which insures much of the 65-and-older crowd — recently changed its rules so it can fully cover a fast-tracked vaccine, the availability of doses will be initially limited. And, individual states are tasked with actually distributing
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The Federal Trade Commission Building in Washington D.C. Ashley Stringer | CNBC The Federal Trade Commission has filed a civil complaint alleging “unfair or deceptive acts” by Beam Financial, a San Francisco start-up behind a savings app that purported to offer above-market interest rates on federally insured deposits. As CNBC first reported in October, dozens
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Tony Anderson | Getty Images The economic fallout from the coronavirus pandemic is hitting families of color particularly hard. A large majority, 86%, of Latino households with children and 66% of Black households with children reported serious financial problems during the outbreak, including depleting savings, trouble paying credit card bills and other debt, and affording
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