Why it matters when stimulus money hits your account, and under a President Biden, expect more aggressive oversight of the student-loan industry

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Personal Finance
Financially fragile Americans during COVID-19 have difficulty answering these 15 money questions — can you?

A new survey asked who could cover unexpected expenses during the pandemic’s early days.

My wife and I have 3 kids. I also have 3 kids from a previous marriage. How should we split our house among these 6 children?

The Moneyist responds: ‘There is one meticulous, if slightly churlish, way of slicing this cake.’

Our building is tipping staff 25% extra due to COVID-19. My husband wants to maintain this in 2021. I disagree. What should we do?

‘I am an Upper East Side wife and mother with two children. I realize I am very fortunate.’

My mother gave me a substantial financial gift. I gave it back. My soon-to-be ex-husband says half belongs to him

‘My husband persuaded me to add his name to the account with the money from my mother.’

I took care of everything after my father died. My aunt, who claims she’s entitled to $27,000 in his bank account, says I only care about his money

‘I called my father’s bank, and I was told that his sister was listed as an authorized person on his bank account.’

I earned $100,000 in 2019, but far less in 2020. Why did I not get a stimulus check? How is that fair?

‘I also know people who made over $100,000 in 2019, but can’t get a stimulus because of their 2019 tax return’.

Stimulus checks are rolling out quickly — but only after months of negotiations. Why it matters when the money hits your account

More time spent expecting an unplanned sum can lead to less spending of the money and more saving, a new paper says.

‘They get free money’: People will receive a $600 stimulus check and $300 extra unemployment. Why is there no accountability?

‘I’ve heard of one case where a young adult purchased a new used car with cash. Another one is approaching the $13,000 mark in savings from unemployment.’

Under a President Biden, expect more aggressive oversight of the student-loan industry

The Biden administration will enlist the Consumer Financial Protection Bureau to tackle student-debt problems.

How female entrepreneurs can thrive in good and bad times

It’s important to separate business finance from personal finance.

Elsewhere on MarketWatch
U.K. now has enough vaccine ‘to cover the entire population’ after authorization of AstraZeneca–Oxford COVID-19 vaccine

‘We’ve got enough of this vaccine on order to vaccinate the whole population — 100 million doses,’ said the U.K.’s health secretary, Matt Hancock, on Wednesday.

No ‘realistic path’ for vote by Senate on bigger stimulus checks, McConnell says

Prospects for larger direct payments to Americans from Washington dimmed Wednesday, as Senate Majority Leader Mitch McConnell said he will not allow a stand-alone vote on the proposal passed in the House on Monday.

The COVID second wave is now deadlier in France than the first, and it’s spreading fast across Europe

Medical experts advising the U.K. government are asking for stricter rules to prevent ‘a catastrophe.’

America’s wealthiest 10% ‘reckon they’re untouchable, safe and protected’ — but are they?

Charles Hugh Smith, previously hailed by CNBC as one of the best alternative financial bloggers on the internet, has some unsettling ideas of what lies ahead in 2021.

U.K. Parliament ratifies post-Brexit trade deal as markets brace for big trading shift on Tuesday

U.K. Prime Minister Boris Johnson and European Union leaders formally signed on Wednesday the trade treaty they concluded last week after 10 months of tough negotiations.

Resurgence in coronavirus-induced layoffs to keep U.S. jobless claims high

No matter whether U.S. jobless claims rise or fall in the last full week of December, one thing is clear: The coronavirus has punched another hole in the labor market.

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