Financial News Features

Funding for Social Security was on shaky ground even before the coronavirus pandemic began, but now concerns have been raised over the strength of the fund, with projections pointing to only a portion of benefits to be received. However, the major damage concern is the continued unemployment which reduces payroll tax revenues that fund the social security program. Find out more about potential impacts on the program's future.

Millions of households are experiencing financially stressful times as a result of the coronavirus pandemic which can make it tempting to seek out quick cash. This may seem like a good option as bills come in, but could end up costing more in the long term. Consider alternate cash routes to protect your financial footing beyond the short term.

Learn the smartest tips and tricks to manage your finances during the coronavirus outbreak. Personal finances can be overwhelming under normal circumstances, which explains the reality of relying even more on credit only now for essentials. Reassess your relationship with money and take proactive steps such as asking for a lower APR and even considering a balance transfer card to reduce debts.

Financial discussions may be difficult under normal circumstances, but during tough times it's important to be sensitive to partners without criticism. Having a money talk mid-pandemic is not ideal, but neither is the coronavirus; confront budgets together and reassess goals, as well as paying close attention to emergency funds and discussing job security. Remember to schedule check-ins to reevaluate financial strength.

In the wake of self-isolation efforts to flatten the curve from the coronavirus, many couples are feeling the financial strain and stress of the pandemic. As couples emerge from quarantine, some will see it as the excuse they need to call it quits but lack the resources for a divorce. Read the fine print on the pros, cons and other alternatives associated with the monetary burdens of divorce during this crisis.

The recently signed coronavirus stimulus bill, or CARES Act, will help Americans get a portion of much-needed aid. This relief package comes at a time of financial decline and uncertainty for all. Find out how much money you can receive, when, and how to spend it wisely to get through this pandemic.