As Treasury Secretary Mnuchin leads the Trump administration’s effort to forge an agreement with Congress on another pandemic relief bill, the employment picture remains bleak for many Americans.
Data analytics firm Statista wrote at the end of last week,
Sources: U.S. Department of Labor, Statista
* Multiple answers possible.
Sources: Bankrate/YouGov, Statista. Survey conducted June 18–23, 2020.
The good news is that the CARES Act has provided essential income to millions of Americans and has had a profound effect on consumer spending and the economy.
Barron’s noted this past weekend,
FIGURE 3: ENHANCED UNEMPLOYMENT BENEFITS BOOSTED WORKER PAY
AND CONSUMER SPENDING
Note: January 2019 = 100; data on pay through May, data on spending goes through June.
Sources: Bureau of Economic Analysis, Census Bureau; Barron’s calculations
The COVID-19 pandemic has significantly impacted financial advisors, their clients, and prospective clients—not only in their response to volatile markets and adoption of remote communications but also in the fundamental demand for financial-planning services.[dropcap...
Active investment management is consistent with the tenets of behavioral finance, as well as with sound financial planning that seeks to help investors reach their long-term objectives.Over 2,500 years ago, in what may have been one of the earliest examples of...
s the 2020 election draws near, investors might want to know how the Lowry Analysis viewed market conditions ahead of the last election in 2016. No doubt, aside from the political components of who is...
Pamela Mayfield-Kizzee, MRFC • Houston, TX LaCour Financial Services Inc. • Money Concepts Capital Corp. Moses LaCour, MRFC • Houston, TX LaCour Financial Services Inc. • Money Concepts Capital Corp. oses...