Shortages and Bottlenecks Expose Weak Links in U.S. Supply Chains

U.S. consumers won’t soon forget the troubling shortages of personal protective equipment during the early days of the pandemic, or when the first stay-at-home orders spurred panic buying and stress-inducing shortages of toilet paper, cleaning products, and food. Now, as the economy reopens fully and all at once, consumers are again experiencing a wide array […]

Crisis Averted? Financial Help for Struggling Renters and Landlords

If you are a landlord, you might reach out to tenants who are behind on rent and encourage them to explore any potential opportunities for financial assistance. By one estimate, U.S. landlords were owed about $57 billion in unpaid back rent at the beginning of 2021. The average household that fell behind owed about four […]

Retirement Confidence Remains Strong, Despite Pandemic

Workers who said that they or their spouse participate in a retirement plan were much more likely to have calculated a retirement savings goal than those who do not participate in one. Despite the economic shock of the coronavirus pandemic, American workers and retirees remain largely optimistic about their financial prospects for retirement. In its […]

American Families Plan Would Provide Benefits for Some, More Taxes for Others

The American Families Plan includes $1.8 trillion in proposed investments and tax credits for American families and children over a period of 10 years, as well as tax increases for those who earn more than $400,000 annually. On April 28, 2021, the White House released a fact sheet for President Biden’s American Families Plan (AFP), […]

Rising Inflation: Where Will It Go from Here?

Though all economists expect inflation numbers to rise in the near term, there are different views on the potential long-term effects. In March 2021, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6%, the largest one-month increase since August 2012. Over the previous 12 months, the increase was 2.6%, the highest year-over-year inflation […]

Enhanced Child Tax Credit for 2021

If you have qualifying children under the age of 18, you may be able to claim a child tax credit. (You may also be able to claim a partial credit for certain other dependents who are not qualifying children.) The American Rescue Plan Act of 2021 makes substantial, temporary improvements to the child tax credit […]

How Much Annual Income Can Your Retirement Portfolio Provide?

More ways to help stretch your savings Don’t overspend early in your retirement Plan IRA distributions so you can preserve tax-deferred growth as long as possible Postpone taking Social Security benefits to increase payments Adjust your asset allocation Adjust your annual budget during years when returns are low Tax considerations Prolonging your savings may require […]

Common Factors Affecting Retirement Income

When it comes to planning for your retirement income, it’s easy to overlook some of the common factors that can affect how much you’ll have available to spend. If you don’t consider how your retirement income can be impacted by investment risk, inflation risk, catastrophic illness or long-term care, and taxes, you may not be […]

High-Frequency Indicators: Where to Look for Signs of Recovery

Technology companies rolled out tools to help public health officials and policymakers around the world monitor mobility trends with data collected from smartphone apps. Since the pandemic began, disruptions in business activity have varied greatly from region to region, and often from one week to the next, according to the severity of local COVID-19 outbreaks. […]

U.S. Credit-Card Debt Levels See Record Drop in 2020

U.S. Credit-Card Debt Levels See Record Drop in 2020 Despite the financial challenges experienced by Americans as a result of the coronavirus pandemic, U.S. credit-card debt dropped to record levels in 2020, decreasing by almost $83 billion.1 This unprecedented drop was likely the result of individuals receiving financial assistance through the Coronavirus Aid, Relief, and […]