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Blocked from a PPP loan, one woman sold her wedding ring to stay afloat
Women and people of color are driving a pandemic surge in new entrepreneurship but say it's tough to get aid.
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Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
Women and people of color are driving a pandemic surge in new entrepreneurship but say it's tough to get aid.
"To me, 'shortly' is two to three days, not two weeks," one retiree said as he awaits the latest round of government cash.
Wall Street bonuses have jumped more than 1,200% since 1985, or 10 times the pace of the federal minimum wage.
The moratorium on evictions was set to expire on March 31, which could have posed a threat to millions of renters.
Oscar Mayer heir Chuck Collins gave away his inheritance. He warns that income inequality poses a threat to the nation.
After asking about the delay, lawmakers say the Social Security Administration sent payment data to the IRS on Thursday.
Postmaster Louis DeJoy said his plan will stanch billions in losses. Critics cite "deep concerns" about slower delivery.
Tax agency says many payments will be sent in the mail. Some Social Security recipients say they're still waiting.
Scott gave $4.2 billion to charities in December. Scammers are now sending emails pretending to come from her organization.
About 4 in 10 adults are living on less income than a year ago, with many planning to use the payment to pay off debt.
Tax break was expanded through $1.9 trillion stimulus bill. But IRS is swamped with tax filings and stimulus checks.
Accountants had pressed the tax agency for more time given the challenges of dealing with the coronavirus pandemic.
Banks say they won't have the money until Wednesday, although the IRS began sending the funds over the weekend.
Temporary overhaul will provide most families with monthly income. That could be a "game changer," experts say.
The $1,400 stimulus checks are already hitting people's bank accounts. But some may be in for a longer wait or get less than they should.