On the coast of El Salvador, lies a small rustic beach town of 3,000 locals, known as El Zonte. A surfer's paradise, the village is frequented by those seeking an authentic and rustic vibe. Like so many Central-American beach towns, the families of El Zonte were hit hard by the COVID-19 pandemic. While other tourist hot-spots continue to struggle as borders remain closed, the people of El Zonte have forged their own path forward, thanks to its newly formed Bitcoin economy.
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Where to Put Your Money When Interest Rates Are Falling
If you've been watching your savings account, you may have noticed falling interest rates over the past year. Rates may be impacted by factors like the economy and rates among competing banks. The biggest influence on rates, though, is the Federal Reserve, aka the Fed.
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I'm a big fan of switching to a higher-yield account once if you currently have one of those .06 % accounts at the big banks. After that, though, it's really not worth the hassle of moving your money chasing an extra 0.2% or whatever. Honestly even 1% of a large emergency fund (let's say $10k) is still only $100 a year.
Money on the Brain: Where you should put your emergency fund - News - The State Journal-Register
If there’s one thing we all should’ve learned from the ongoing COVID-19 scare, it’s that having an emergency fund is a necessity.
So many people who thought their job was secure or their business could not fail did not anticipate the damage a pandemic could do to the economy. And who could blame them? Nobody saw this coming.
Unfortunately, we are told on a regular basis by newspaper articles and various websites that a huge percentage of Americans don’t have enough cash on hand to cover a $1,000 emergency.
Bloomberg - Are you a robot?
Other things to check out:
Coronavirus caused wealthy millennials to reassess money habits - Business Insider
In May, UBS surveyed over 3,750 investors across 15 countries, including the US, the UK, Germany, and Hong Kong. The respondents comprised three age groups: those between the ages of 25 and 30 with at least $250,000 in investable assets, 31 to 39-year-olds with at least $500,000 in investable assets, and those 40 or older with at least $1 million in investable assets.
In addition, nearly 3 in 4 millennials surveyed revealed that the pandemic has changed the way they think about money, compared to just over half of boomers. The result is that 71% percent of millennials now feel as if they have to work harder to make up for COVID-related financial losses, and 68% are worried they currently do not have enough money saved in case there is another pandemic — significantly more than the respective 34% and 38% of boomers who feel this way.
4 Your Money | Future Returns | OurQuadCities
At several points on this segment last year, it was noted that stocks appeared that they could be overvalued and that future returns would likely be lower that in the past. While we did have a significant decline this year, we aren’t really that far from where the year started. Brad Fritz, Financial Advisor at NelsonCorp Wealth Management, joins us remotely to discuss whether or not valuations are still something viewers should be worried about.
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Just after 8:30 a.m., the officers arrived at the house. They first entered the front of the house but were not able to locate anyone. Then they forced open a back door and found an 80-year-old woman just inside.
How Millennials Spend Their Money
Also known as Generation Y or Gen Y, millennials are defined as those born between 1981 and 1996. One of the key elements behind this age group's behavioral differences from previous generations is that they were raised with technology from a young age, adopting mobile devices during their youth and using computers in grade school.
Whether you believe millennials make poor financial choices or not, investigating their spending patterns can provide a better understanding of what's driving these behaviors and what really matters to this infamous generation.
Most PPP recipients expect to run out of money by August, study finds | Fox Business
U.S. Small Business Administrator Jovita Carranza provides insight into the latest on the Paycheck Protection Program.
A majority of small businesses that tapped the taxpayer-funded Paycheck Protection Program expect to run out of money by the first week of August, according to a Goldman Sachs survey released Tuesday.
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The report comes as a resurgence in COVID-19 outbreaks puts the brakes on the economy's nascent recovery from the crisis and subsequent lockdown. Some states have hit pause on their plans to reopen, while others are reimposing restrictions they had previously lifted, like shuttering restaurants and bars. Workers at Levi's, United Airlines and Wells Fargo learned this past week they were - or could be - laid off or furloughed soon.
Happening on Twitter
#NoticiasUnoAlAire| La estructura del ELN en el Catatumbo sacó en las redes sociales un video en el que aseguran qu… https://t.co/wS2nPClXeV NoticiasUno (from Bogotá, Colombia.) Mon Jul 13 15:00:00 +0000 2020
A #Maryland county that offers illegal immigrants sanctuary keeps releasing dangerous criminals from jail to shield… https://t.co/TwhnOXzKdD JudicialWatch (from Washington, DC) Mon Jul 13 14:00:01 +0000 2020
Guaidó ratificó la inclusión de Venezuela en el Protocolo de San Salvador de la OEA https://t.co/M4amzDs1ZB AlbertoRavell (from Venezuela) Mon Jul 13 22:16:42 +0000 2020
Esta es una de las plantas de tratamiento de aguas residuales que algunos panfletos dicen que "NO EXISTE" en el Hos… https://t.co/RHBM4ET9EM RomeoHerrera1 (from El Salvador) Mon Jul 13 03:50:26 +0000 2020
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