Archive for July 2020

Keeping an Eye on Hurricane Season

As if the U.S. doesn’t have enough concerns, the National Oceanic and Atmospheric Administration (NOAA) predicts a busier-than-usual hurricane season this year. The organization expects 13 to 19 named storms between June 1 and Nov. 30, 2020, with as many as six major hurricanes (category 3, 4 or 5; with winds of 111 mph or…

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U.S. Virus Response Compared to the World

The COVID-19 pandemic has been a struggle around the world, and the United States is no exception. It is worth looking at individual factors to gauge just where we stand now. The foremost concern is how the U.S. is weathering the pandemic. Initially, the crisis was concentrated in larger urban areas, which makes sense. A…

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Prospects for the Automotive Sector

We take a lot for granted, including the condition of the car that sits in our driveway. During the coronavirus pandemic, those cars have been sitting idle much more than usual. That’s not necessary a bad thing. It means we spend less money on gas and maintenance. Also, our risks of having an auto accident…

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Dealing with Financial Hardship

A recent poll found that nearly one out of every five Americans are experiencing financial hardship due to the COVID-19 outbreak and subsequent lockdowns.1 With reported infections soaring in recent weeks, financial stress could affect even more citizens as various areas of the country struggle to contain the pandemic. However, what may happen in the…

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How Might the Economic Downturn Affect Dividends?

If a large allocation of your retirement portfolio is invested in dividend-paying stocks, you might see your household income reduced this year. During the Great Recession, dividend payouts dropped by 25% and didn’t fully recover for at least four years. Today’s financial crisis brought on by the worldwide COVID-19 outbreak has once again created a…

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Rerouting Your Summer Vacation

All is not lost. If you planned a multicity tour across Europe or Asia this summer, you’ve probably already rethought those plans. But that doesn’t mean you have to abandon the idea of a vacation altogether. Perhaps a domestic destination, a little ingenuity and a lot of family unity are just what you need. As…

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Social Security Woes

In 2000, actors Helen Hunt and Kevin Spacey starred in “Pay It Forward.” The premise of the film is that a person repays a favor by offering small acts of kindness to more people. This concept of paying it forward leads to an exponential movement of goodwill. Social Security works a bit like that. In…

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What the Increasing National Debt, Deficit Could Mean for You

If you’d like to see a snapshot of what’s going on with national debt versus revenue, check out the U.S. Debt Clock. While there’s a lot moving on one screen, you can take a look at individual blocks to see how much the U.S. takes in via tax revenues compared to what it pays out…

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