Inflation impacts retirees, tips on finances and investments
Although inflation may be slowing down somewhat, the cost of living is still increasing at a much higher rate than in recent years, making it especially hard on people in retirement or nearing retirement. Here are some tips for what retirees can do to help deal with inflation.
Has the pandemic made you rethink the way you handle your money?
Whether you save your money or spend it, there are ways most of us can change the way we handle our finances. The study revealed the federal student loan forbearance made an impact on their ability to save money during the pandemic. Millennials are also more open to spending their money on personal wellness and professional development. Researchers say only one in five of the respondents would use extra money to pay off student loan debt. And a quarter say they would invest in personal wellness, or even the stock market.
Study shows direct cash transfers may help solve homelessness
VANCOUVER, British Columbia – A recent study concluded that cash transfers provided to recently homeless individuals had a direct impact on financial stability and provided relief to the shelter system by empowering individuals. The organization calculated that, on average, the cash transfer recipients saved the shelter system $8,100 per person over the course of the year for a total savings of $405,000. Claire Williams, CEO of Foundations for Social Change, said the organization wanted to illustrate the viability of direct cash transfers to impact change. “Our research shows that cash transfers allowed people to access housing faster, improving stability and lowering the risk of trauma.”Jiaying Zhao, the study’s principal investigator and a UBC professor, said that the study was based on people who received direct cash transfers and individuals who did not receive outside support. “To receive a direct cash transfer, participants had to meet criteria that showed no misuse or abuse of substances,” Zhao said.
We asked how youre holding up: 13 responses that will make you feel less alone
Late last month, we asked you, our readers and viewers, how youre holding up and whats on your mind lately as the coronavirus continues with seemingly no end in sight. Still, I do it because I want to look out for my health and the health of others around me. I really need a hug'Im a nurse and Ive decided to have my son stay with his dad so I dont expose him. Truly, I really need a hug.-- Rebecca, 40, from San Antonio, Texas8.) I was good at my job -- very good and made great money.
H-E-B customers can cash stimulus checks in stores for free, officials say
SAN ANTONIO – If you’re still looking to cash in your stimulus check from the federal government and don’t have a traditional bank account, H-E-B has got you covered. H-E-B stores are now offering free in-store check cashing of stimulus checks. H-E-B has also waived the card purchase fee and 60 days of monthly plan fees for H-E-B Prepaid cards that are purchased between April 1 and May 31, store officials announced on the store’s website on Thursday. To learn more about how to set up direct deposit for economic impact payments, visit the IRS website here. Stimulus payments sent to dead people must be returned, IRS saysCOVID-19, the respiratory disease caused by the new virus, stands for coronavirus disease 2019.