COVID-19: unemployment and the mounting financial crisis. Understanding how people live paycheck-to-paycheck and the implications of extended unemployment. Q: In your recent column in the Washington Post, it was stated that “nearly 80 percent of Americans were living paycheck to paycheck before the pandemic…” I want to know how do you define living paycheck-to-paycheck when [...]
What happens to the economy when the PPP runs out of money? This reader wants to know how another rise in unemployment will impact the economy. Q: I tried to call in to WGN radio when Ilyce was on a couple of weeks ago. Do you think unemployment will skyrocket when the Paycheck Protection Program [...]
How will the coronavirus pandemic impact the spring market? Unemployment claims, mortgage rates and home buying activity in the spring of 2020. It’s been another week of dreadful news about the economic repercussions of the COVID pandemic. And, while there have been slight improvements here or there, it’s all pretty dark. How Will the Coronavirus [...]
If you lose your job, your tax bill probably isn’t going to be the first thing on your mind. But when you file for unemployment, you’ll need to pay attention to your state’s tax laws. I live in California, which doesn’t tax unemployment benefits, so I was surprised to find that the majority of states [...]
If you missed a mortgage payment, you might want to know how it affects your credit score. Missing mortgage payments can hurt your credit score. Q: I met Ilyce at a speech she was giving last year about financial planning and retirement. Last week, I was laid off by the company that sponsored the speech. [...]
Personal finance resolutions for 2013 that will help you save money and get out of debt. Get your finances in order to buy a house. We’re not even half way through the first month of 2013, but already everyone seems tired of talking about their personal finances. The last seven years of financial chaos has [...]
Credit debt and unemployment affect holiday consumer spending. Consumer spending this holiday shopping season will be affected by credit debt and unemployment. Holiday shoppers consumer spending habits affected by credit card debt and unemployment this holiday shopping season. Credit card companies say the decrease in holiday consumer spending is creating a "credit winter."
It's been a good year for all kinds of seasonal employment. It terms of employment, the difference between this December and last couldn't be more stark. Seasonal or holiday employment is up, but plenty of folks are getting temp jobs that are plugging the gap until something full-time opens up.