Business Gist Today

Thursday, 4 June 2020

Posted by Unknown - 05:15

The Daily Money: Are pensions doomed because of COVID?

ALL THE MONEY NEWS YOU NEED TO KNOW

Thursday, June 4

Good morning, Daily Money readers. It's David here, with our top financial and tech stories for this Thursday.

Did everyone who qualified receive their stimulus checks? Not yet. The IRS said millions of low-income people, homeless people and others who aren't required to file a tax return may still be eligible. But they will need to take some action to give the IRS information on where to send the money.

Teachers, cops and other public workers face another risk from COVID-19: Pension cuts. With coronavirus dragging down stocks and budget crises for state and local governments, retirees are concerned about their retirement funds.

For more news, keep scrolling down.

David Brinkerhoff, Deputy Money Editor

Economic Impact Payment checks will continue to be mailed in May and run through June, and possibly later. In this April 23, 2020, photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak. (AP Photo/Eric Gay, File)

Many Americans are still missing out on coronavirus relief cash

The IRS said millions of low-income people, homeless people and others who aren't required to file a tax return may be eligible for coronavirus relief.

Are pensions doomed because of COVID-19?

Jackson, Michigan school teacher Corey Shelton, se

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Is it a good time to move or buy a house? Your 💰...

We answer your coronavirus money questions.

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Wednesday, 3 June 2020

Posted by Unknown - 07:24

The Daily Money: Coping when Social Security falls short

The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

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