Banks’ and lenders’ payment deferment for COVID-19 will be ending soon. If you still can’t pay, it’s time to call

Your COVID-19 deferral period for credit card, loan, mortgage, or insurance payments may be coming to an end soon. If you still can’t pay, call the company’s customer support phone number and ask to speak with a live person to discuss your options. Prepare for long wait times, and have any documentation about your original payments or deferral agreement on hand. Sign up to get Personal Finance Insider’s newsletter in your inbox » If you’ve lost income during the coronavirus pandemic, you may have paused bill payments to soften the blow and save money. Plenty of companies have allowed customers to defer payments on everything from mortgages to credit cards… Read More

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My ex-husband and I have decided to quarantine together with our 5-year-old daughter. It’s been tough, but it’s working — and we have no plans to change our situation as things start to reopen

Katie Nave is freelance writer, advocate, and nonprofit communications specialist based in Brooklyn, New York. At the onset of the COVID-19 pandemic, Nave and her ex-husband made the decision to cohabitate in their weekend house outside of the city, in order to more safely co-parent their 5-year-old daughter. Nave says “the first month was brutal” as she and her ex fell back into toxic habits — he became overly critical and she grew resentful and insecure. After more time however, tensions eased as they began to turn to each other for support. Above all else, Nave says that she and her husband are dedicated to be loving co-parents and that… Read More

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Primary election continues wild and crazy year of pandemic, plunging economy, protests and politics

Abby Cox, left, and her husband, Lt. Gov. Spencer Cox, state Sen. Deidre Henderson, R-Spanish Fork, and her husband Gabe, right, are projected onto the screen as they talk to supports during an election night event at the Basin Drive-In Theatre in Mt. Pleasant, Sanpete County on Tuesday, June 30, 2020. | Steve Griffin, Deseret News Happy July Fourth weekend! A good time to reflect on that great American pastime — politics. The recent Republican primary reflects everything about 2020 — confusing, unsettled, unprecedented, trendsetting and certainly interesting. Although some races were too close to call at our Thursday noon deadline, we do our best to hit some moving targets.… Read More

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Meet the ‘Carlys’: The meme-loving young shoppers who ‘can’t afford real life yet’ — but will soon join the biggest cohort of spenders in the US

Carlys are a group of consumers who “can’t afford real life yet” but will soon “join her Generation Z cohort in the largest purchasing power generation ever known to mankind,” according to a recent report. Carlys are under the age of 25 and don’t yet spend their own money. They love memes, TikTok, and Croc shoes. Visit Business Insider’s homepage for more stories. There’s a new name for young Zoomers: Carlys. The “Carly” acronym, which stands for “can’t afford real life yet,” was coined by the marketing platform Klaviyo and the retail media research firm Future Commerce. It’s used to describe a group of consumers within Generation Z that is… Read More

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I flew on the 4 biggest US airlines during the pandemic to see which is handling it best, and found one blew the rest out of the water

Each airline is handling pandemic flying differently with no two airlines operating under the same policies and procedures. Safety and social distancing, especially, are concepts that vary with each airline and while choosing an airline was formerly a matter of price and schedule, health and safety are now at the forefront. Delta Air Lines and Southwest Airlines are handling this pandemic the best, I found in my travels, while United and American are handling it the worst. Visit Business Insider’s homepage for more stories. Over the course of four weeks in June, I flew seven flights on the largest airlines in the US including American Airlines, Delta Air Lines, United… Read More

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Why historically high unemployment should embolden investors to take more market risk, according to a Wall Street chief strategist

The still-lofty unemployment rate offers investors the latest sign to return to the stock market, James Paulsen, chief investment strategist at The Leuthold Group, said Thursday. The S&P 500’s average annual return in years when the unemployment rate exceeded 8% is roughly 25%, the strategist observed. When joblessness slid below 4.5%, the index notched yearly gains of about 8.4%. Lofty unemployment rates signal “the outsized potential that future economic conditions are destined to improve because employment will ultimately recover,” Paulsen said. As economies recover and hiring picks up, so does spending and corporate profit growth, he added. Visit the Business Insider homepage for more stories. Widespread joblessness is the latest… Read More

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Why historically high unemployment should embolden investors to take more market risk, according to a Wall Street chief strategist

The still-lofty unemployment rate offers investors the latest sign to return to the stock market, James Paulsen, chief investment strategist at The Leuthold Group, said Thursday. The S&P 500’s average annual return in years when the unemployment rate exceeded 8% is roughly 25%, the strategist observed. When joblessness slid below 4.5%, the index notched yearly gains of about 8.4%. Lofty unemployment rates signal “the outsized potential that future economic conditions are destined to improve because employment will ultimately recover,” Paulsen said. As economies recover and hiring picks up, so does spending and corporate profit growth, he added. Visit the Business Insider homepage for more stories. Widespread joblessness is the latest… Read More

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A financial planner gives clients a 7-step checklist when they’re deciding whether to invest or save their next dollar

You have to be clear about your financial goals to decide when to save or invest your money. One financial planner created a framework that she uses to help clients navigate. It’s best to save money for immediate and near-term expenses to avoid risk. For retirement and other goals that are five or more years away, consider investing to maximize your money. SmartAsset’s free tool can find a financial planner to help you take control of your money » Investing is a powerful way to maximize savings. But because of its risky nature, it pays to be prudent. If your living expenses are taken care of and you’re deciding where… Read More

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A financial planner gives clients a 7-step checklist when they’re deciding whether to invest or save their next dollar

You have to be clear about your financial goals to decide when to save or invest your money. One financial planner created a framework that she uses to help clients navigate. It’s best to save money for immediate and near-term expenses to avoid risk. For retirement and other goals that are five or more years away, consider investing to maximize your money. SmartAsset’s free tool can find a financial planner to help you take control of your money » Investing is a powerful way to maximize savings. But because of its risky nature, it pays to be prudent. If your living expenses are taken care of and you’re deciding where… Read More

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Ghislaine Maxwell and Kevin Spacey pictured posing on Buckingham Palace’s thrones on a private tour hosted by Prince Andrew

A photo has emerged which appears to show Ghislaine Maxwell and Kevin Spacey posing on the thrones of Buckingham Palace in 2002. The duo and former US president Bill Clinton were being given a private tour of the palace by Prince Andrew, according to the Telegraph. Maxwell is the former girlfriend of late financier and registered sex offender Jeffrey Epstein, and she is currently facing charges of sex trafficking and perjury. The Prince’s relationship with Epstein has caused a scandal for Britain’s Royal Family. Buckingham Palace did not immediately respond to Business Insider’s request for comment. Visit Business Insider’s homepage for more stories. Ghislaine Maxwell and Kevin Spacey posed in… Read More

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