Don't believe the hype about tariff rebate checks just yet
GOP senators have dismissed the idea of sending tariff revenue checks to Americans, with one saying it's "the dumbest idea I've ever heard."
6 min read
Stimulus checks
Biden says it was 'stupid' not to have signed his name on COVID-19 stimulus checks like Trump
While speaking at the Brookings Institute, Biden reflected on his economic record following an election where it was rejected by many voters.
2 min read
Even Best Buy's CEO thinks laptops haven't seen enough innovation recently to convince you to replace your aging one yet
"Right now there isn't any massive current innovation that would spur you to go buy a new laptop," Best Buy's CEO said.
3 min read
Millennials are crushing it as investors
Millennials and Gen Z were the winners of the stock market's pandemic-era boom. They even managed to slightly close the wealth gap with baby boomers.
4 min read
Millennials and Gen Z saw their wealth balloon during the pandemic
It turns out that the pandemic's economic situation was pretty good for younger Americans' net worths.
3 min read
Economist David Rosenberg says a recession will hit in 6 months. Here are his 7 best quotes from a new interview.
The Rosenberg Research president explained his grim economic outlook in a new interview. These are the biggest takeaways.
3 min read
The US economy is weakening as YOLO spenders pull back from 'fun and games,' economist David Rosenberg says
YOLO spenders have already started to dial back on their bucket list purchases, data from the Fed's Beige Book shows.
2 min read
The economy feels worse than it actually is because people were spoiled by the snap-back recovery after the pandemic crash
The recovery from the COVID recession reset everyone's ideas of what a really good economy looks like.
5 min read
Low-wage workers got big raises during the pandemic. Now that's coming to an end.
The lowest-earners saw their wages skyrocket as employers had to compete for workers. But the policies that made that possible are fading.
3 min read
Congress created an actual safety net for Americans during the last crisis. Don't expect that to happen again.
"We were living like middle class people — and we felt like royalty, because it was so novel for us," said one pandemic unemployment check recipient.
6 min read
9 million families are entitled to up to $10,000 in checks from the IRS they never claimed
The IRS is sending out letters to people who are eligible for credits, but don't usually file taxes: "You may be leaving money on the table."
4 min read
Americans think California and Florida-style stimulus checks and Biden's student-debt relief make inflation worse — but they want them anyway
Even though they worry government spending is a main cause of inflation, Americans want the stimulus checks that over 15 states have adopted.
4 min read
Pandemic stimulus boosted spending, but didn't keep people from seeking jobs, new study says
The authors of the study recommended that households receive severance-like payments in addition to stimulus funding in the future.
3 min read
The 18 states sending out stimulus checks probably won't make inflation worse — but they're not the best solution to help people cope, economists say
Red and blue states alike are betting stimulus checks will offset inflation without raising prices. But they're a band-aid, not a long-term solution.
5 min read
With federal relief payments unlikely, here are the 18 states giving money to residents to try to offset inflation
With no public plans for federal relief checks, more than a dozen states have proposed direct payments meant to help residents amid high inflation.
7 min read
California and Florida are dueling over stimulus checks as a tool against inflation, and it's the latest example of their governors' ideological clash
California is sending new checks to 23 million residents, while Florida is only mailing rebates to 59,000 households as inflation continues to bite.
6 min read
DeSantis uses federal COVID-19 relief funds to send nearly 60,000 Florida families a $450-per-child check to 'offset the costs of rising inflation'
Families don't have to apply for the checks. They'll be automatically sent out to qualifying Floridians.
1 min read
Massachusetts lawmakers want to give residents $250 checks to offset sky-high prices
Individuals would be eligible for a one-time $250 check, and married couples would get a $500 check. Those earning above $38,000 qualify.
2 min read
Mitch McConnell says the labor shortage will be solved when people run out of stimulus money because Americans are 'flush for the moment'
Lack of childcare and well-paid jobs might be driving the labor shortage. Mitch McConnell thinks March 2021 stimulus checks are to blame.
3 min read
If there's a recession, don't count on the government to come to the rescue with stimulus checks and boosted unemployment benefits
The government unleashed stimulus in each of the last three recessions. With inflation at four-decade highs, such aid is unlikely in a 2023 downturn.
3 min read