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Wednesday 3 June 2020

The Daily Money: Coping when Social Security falls short

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usatoday.com

The Daily Money
 
Wednesday, June 3

Welcome to Hump Day, Daily Money readers. It's David here. COVID-19 is reshaping our economy. Now, the death of George Floyd and the week of protests in response have forced many Americans to do more soul searching about the issues of race, equity and the role of business plays in those matters.

The Daily Money is here to keep you up to date on how these events are playing out across the economy and tech. 

They are being sold by Kim Kardashian West, Gucci and plenty of others looking to make a buck. They have led to lawsuits, violent assaults and police intervention. Coronavirus masks, worn to protect people from the virus, are leaving an imprint on politics, culture and industry — and business is booming.

Need a mental health break? Here are some places to go without leaving home.

Unless the government acts, Social Security reserves will become depleted and continuing tax income will be sufficient to pay only 76% of scheduled benefits after 2034. How can you make up for the shortfall?

David Brinkerhoff, Deputy Money Editor

Ryann Avery, 15, of Oceanside, Calif., is one of thousands of volunteers across the country making masks and donating them to those in need.
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