Business News

‘This is sheer economic waste’: Our $1,200 stimulus ‘gift cards’ should have gone to people who need them. Why did we get them instead?

Dear Moneyist,

My husband is 82 years old. I am 83. We are retired. We are neither Democrats nor Republicans.

Last year, about midsummer, we both received $1,200 stimulus payments. They were not in the form of checks, but rather they were in the form of gift cards to buy “stuff.” We have been retired since 2003. We planned our retirement during all of our working years.

We do not light our fireplace with $100 bills, but we are comfortable. We asked ourselves: “Why were we receiving stimulus checks?” This money should have gone to people who had suffered loss

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Biden’s stimulus plan for schools leaves one question unanswered and why you need to wear a mask if you already had COVID-19

Hi there, MarketWatchers. Don’t miss these top stories:

Personal Finance
5 key takeaways on the Aspen mansion Kylie and Kendall Jenner just rented

If you need to keep up: Kylie and Kendall Jenner, as well as their mom, Kris Jenner, started the New Year in snowy luxury.

COVID-19 upends classrooms and fewer people study to become teachers, but the Class of 2020 can’t wait to start

Enrollment in teacher preparation programs was already plummeting before the pandemic.

My parent had early-onset Alzheimer’s, and I’m afraid I will get it too. How do I split my estate between my girlfriend and
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My coworker owns 10 homes, 9 of which are rented. How did he get a stimulus check while I didn’t?

Dear Moneyist,

I have a question about the stimulus checks. I happened to have inherited my mother’s house, so if I don’t qualify, that’s fine. I’m working. I have a coworker who works massive amounts of overtime, and owns 10 homes, nine of which are rented. How did he get a stimulus check?

Curious Colleague

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

Dear Colleague,

If you don’t need a stimulus check, and you don’t qualify, leave it at that. You will drive yourself crazy peeking

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My wife found a half brother through Are we morally or ethically obligated to share her father’s estate?

Dear Moneyist,

Several years ago, on a whim, my wife and I had our DNA tested by Last week we were contacted by a half brother my wife never knew she had. In fact, I don’t believe her father had any idea he had fathered a child. Without the genetic match, it is extremely doubtful whether the relationship would ever have come to light. (By the timeline and location, it seems he had a “fling” stateside just before being deployed in World War II. It seems like the mother never had any idea who the father was.)


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Biden’s $170 billion stimulus plan for schools leaves one key question unanswered and two ways his proposed stimulus checks are different from the first two rounds

TGIF, MarketWatchers! Don’t miss these top stories:

‘They get free money’: People will receive more stimulus payments and unemployment insurance. 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.’

‘Deaths of despair’ during COVID-19 have risen significantly in 2020, new research says

They were disproportionately experienced by working aged men, driven in part by synthetic opioids such as fentanyl, according to Casey Mulligan, professor of economics at the University of Chicago.

Why do I need to
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For some, Biden’s $1.9 trillion COVID-19 rescue plan is a ‘lifeline’ — and wouldn’t come a moment too soon

On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9 trillion COVID-19 relief plan.

“President-elect Biden announced a proposed relief and recovery package that provides relief that is commensurate with the scale of the economic challenge facing the United States, due to the harm caused by the COVID-19 pandemic,” said Josh Bivens, director of research at the Economic Policy Institute, a progressive think tank.

The government’s unemployment rate hovered at 6.7% in December, and the number of unemployed workers was 10.7 million.

However, the EPI argues that

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I took care of my late mother for 8 years. Am I obliged to tell my sisters she made me co-owner of a substantial bank account?

My mom passed away. Three daughters shared power of attorney and are shared executors of her trust.

As the youngest daughter, I worked full time, and was the primary cargiver for my mom for 8 years. I managed her activities of living, food, bathroom visits, medicine, medical appointments, and performed her dialysis etc. I managed her finances, including taxes, investments, and even reclaimed thousands of dollars for my mom due to a bad business deal she was involved in the past.

In 2013, it upset my sisters when I was initially given POA, but I decided to share the responsibility

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