It has been one year since the pandemic first prompted stay-at-home orders and business shutdowns.
A recent CBS News article reports, Many economists, including policymakers at the Federal Reserve, think a broad recovery will take hold in the second half of the year once the COVID-19 vaccine is widely distributed. A new Bankrate report shows that 44% of Americans share that sentiment. However, Bankrate s findings also reveal that 40% expect their financial situation to remain unchanged in 2021 and 14% expect it will get worse.
Just 39% of Americans would be able to cover an unexpected $1,000 expense. When you drill down to different age brackets, only a third of millennials (the largest generation in the U.S. labor force) could turn to emergency funds to pay $1,000. By contrast, 46 percent of Gen Xers and 45 percent of baby boomers said they could cover a $1,000 emergency.
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At first, New York’s Covid-19 vaccine problem was that it couldn’t get the doses it had into people’s arms fast enough. With strict rules in place limiting who was eligible,