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Americans Paid Down $56.5 Billion in Credit Card Debt During Q1 2021

Even as the United States economy continued to be weighted down by the pandemic, many Americans still managed to pay down a significant amount of their household credit card debt. According to the latest data from the personal finance site WalletHub, U.S. consumers cut a total of $56.5 billion in...

Employee Retirement Plan Participation in 2020 On Par with 2019

It goes without saying that 2020 was an unprecedented year that changed the lives of nearly all Americans. This includes several financial impacts that arose as lockdowns went into effect and as businesses' sales suffered. Nevertheless, Bank of America's 2021 Financial Life Benefits Impact Report (which looks at figures from...

United States Economy Gained 266,000 Jobs in April

This morning, the United States Labor Department had good and bad news about the nation's economic recovery. According to the agency's latest report, the U.S. added 266,000 jobs during the month of April. While any gain in jobs is a good thing, the disappointment comes from the fact that economists...

Survey: Majority of Remote Pandemic Workers Want to Remain Remote

With the COVID-19 pandemic now in its second year, many workers who were forced to move from the office to their home last spring may be getting used to the "work-from-home" arrangements. In fact, a new survey suggests that a significant number of pandemic remote workers are hoping not to...

Leading U.S. Credit Card Issuers Cut Limits by $99 Billion in 2020

As the COVID-19 pandemic began to tighten its grip on the United States, leading to closures and lockdowns across the country, many feared for the economic worst. Indeed, the following weeks brought massive job losses and stock market volatility. Now, figures show that as this economic uncertainty was spreading, creditors...

IRS Opens "Get My Payment" Tool for 2021 Economic Impact Checks

With another round of Economic Impact Payments now going out to many Americans, the Internal Revenue Service (IRS) has updated its Get My Payment tool. According to the IRS, payments authorized by the American Rescue Plan Act began reaching individuals as early as March 12th, with an official payment date...

U.S. Economy Gains 379,000 Jobs in February

The short month of February saw thousands of jobs return to the United States. According to the latest Bureau of Labor Statistics data (as reported by Axios), the U.S. regained 379,000 jobs last month. That result well outpaced the 210,000 jobs that economists had expected to see. Furthermore, it was...

U.S. Economy Lost 140,000 Jobs in December 2020

There's no question that 2020 will go down as one of the most challenging years in recent memory for many Americans. Yet, after major job losses in the spring of last year, employment began to rebound as businesses were allowed to reopen. Unfortunately, following months of slowing growth, job figures...