As part of his efforts to set an agenda in motion when he takes office, President-elect Joe R. Biden outlined a $1.9 trillion relief package to combat the Covid-19 pandemic and the current economic dive. Some of the most notable points Biden addressed last night include expanded jobless benefits, rental assistance and a paid sick […] The post Biden Proposes a $1.9 Trillion Rescue Package. Here’s What You Could Get. appeared first on The Simple Dollar. [Read More...]

Annual salary increases in 2021 are more vital than ever after a year of volatile economy and job market changes. A new The Simple Dollar survey found that 70% of employed U.S. adults say a pay increase would be important for their household’s financial wellbeing. Despite this, about 40% of respondents are not expecting a […] The post 70% of Working Americans Need a Pay Increase This Year appeared first on The Simple Dollar. [Read More...]

Twenty-twenty has taken its toll on the average retirement savings, according to a new study by Kiplinger’s Personal Finance magazine and Personal Capital, an online financial advisor. More than half of Americans are dipping into their savings, with 60 percent using their IRAs and 401(k)s to get them through the difficulties they are facing from […] The post More Americans are Using Retirement Savings to Cover Expenses appeared first on The Simple Dollar. [Read More...]

Owning your own home has long been a touchstone of the American Dream. It represents a certain level of independence, a place that provides shelter for you and your family and the memories you create there, and it also builds value over time. That dream often comes to the forefront in people’s lives once they […] The post How Do You Know You’re Ready to Buy Your First Home? appeared first on The Simple Dollar. [Read More...]

The average 30-year mortgage rate broke record lows (again) at 2.65%, according to Freddie Mac. This marks the 22 weeks in a row that the average rate has been under 3% and the 17th time records have been broken since the start of 2020. Three of the records were broken in December alone. In response […] The post Mortgage Rates Hit Another 50-Year Low. Should You Buy? appeared first on The Simple Dollar. [Read More...]

The best home equity loan providers offer low-interest rates and excellent terms. But look out for added fees and closing costs. The post What Is a Home Equity Personal Loan? appeared first on The Simple Dollar. [Read More...]