Tag Archives | pandemic
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Quote Of The Week: U.S. Households Ready To Spend

Trillions of dollars of stimulus cash have been pumped into the economy. What exactly do people do with the money once they get it? Research suggests they tend to spend about one-third of the funds, saving the rest or using it to pay down debt. (Check out our previous article: How Did Americans Spend Their Stimulus […]

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The Key Money Lessons We Learned From COVID

The COVID pandemic has been financially devastating for many Americans, writes veteran financial journalist Kimberly Lankford in a recent article for GOBankingRates.com. But at the same time, the disruptions caused by the COVID pandemic have taught us valuable lessons about managing our money and professional lives better in the future. Emergency reserves and other protections […]

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Pandemic Silver Lining: Consumers Pay Down Credit Card Debt

The COVID pandemic has created financial distress for many consumers who have lost their jobs, business income, or seen their work hours reduced due to service shutdowns and childcare challenges. But other consumers who have remained unaffected by the pandemic are experiencing a surge in savings. More “consumers are paying down debt and saving more […]

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Quote Of The Week: How COVID Taught Us To Stay Invested

The Wall Street Journal compiled 15 personal finance lessons we can learn from 2020 and the COVID-19 pandemic. Here’s one about the importance of staying invested, even when the market gets rocky. That is advice worth reviewing now as many market indexes are  reaching new highs. While that needn’t mean a pullback is imminent (if […]

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After COVID, How Much Of An Emergency Fund Do You Think You Really Need?

  There’s nothing like an honest-to-goodness crisis to to give your emergency preparations a test run. And there’s no doubt that the 2020 COVID pandemic qualifies as one of the most profound crises ever to affect our nation. So now that we’ve lived through almost ten months of the pandemic and we start to see […]

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Quote Of The Week: COVID Creates Haves And Have-Nots

“In some ways it’s a tale of two cities. While a number of Americans have been able to pay down their credit card debt during the pandemic, some people are really struggling because they’ve been laid off or have had their hours cut.” Bruce McClary, spokesman for the National Foundation for Credit Counseling (NFCC), interviewed by Daniel […]

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Not Quite Back To Normal Yet, But Boca Symphonia Wows With Beautiful Music!

Everyone was masked, we all sat far apart, and it wasn’t your typical concert hall, but it sure was nice to get out of the house and hear exquisite music at the Boca Symphonia’s first live concert of the 2020-2021 season. The program included a selection of works by Corelli, Vivaldi, Walker, and Mozart, under the […]

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COVID Pushing More Consumers To Online Banking

Pushed by the pandemic, American consumers – and especially older ones – have embraced digital banking as never before. Since COVID began, over 90 percent of Americans banked virtually at least once using an online website or a mobile app. Retail banking institutions JP Morgan Chase and Bank of America have both reported a substantial […]

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#WFH Is Saving Americans 60 Million Hours Each Day. So What Are They Doing With The Time?

Can you figure out where the time went? Due to COVID lockdowns, Americans saved 60 million hours each and every day so far this year by working at home and not commuting to and from work. So how did they spend all that time they saved? Reading? Cooking? Gardening? Hobbies? Netflix? 60 million hours saved […]

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How Did Americans Spend Their Stimulus Checks? You May Be Surprised To Learn

Millions of Americans received stimulus payments of up to $1,200 each to combat the damage done by the COVID-19 pandemic. Recently, researchers checked in with them to ask how they spent the funds. The answers might surprise you, according to financial journalist Kimberly Lankford writing for US News and World Report. The bottom line? Researchers […]

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