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Here are five stocks to own for the 5G network buildout
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12 Good Reasons to Move to a College Town College towns are't just for students, faculty, and college sports fanatics. In fact, these educational enclaves attract many residents who have no affiliation with the school. Just what is it that lures nonstudents to college towns? Read on to learn about some of the enticing benefits of living in the shadow of a college or university.
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7 Big-Name Stocks to Watch Amid Election Volatility The market is about to get frothy.
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Millions of Americans are entering poverty amid pandemic as stimulus runs out
on minimum wage
“Poverty is rising in the United States,” Zach Parolin, a researcher at the Columbia University's
Read more: How to file for unemployment insurance
University found. A similar study from the University of Chicago and Notre Dame estimated 6 million Americans entered poverty for the same period.
a group of people walking down the street: People stand in line to receive food donations at a Food Bank for New York City pop up food pantry outside Lincoln Center for the Performing Arts on September 24, 2020 in New York City. (Photo by Noam Galai/Getty Images)© Provided by Yahoo! Finance People stand in line to receive food donations at a Food Bank for New York City pop up food pantry outside Lincoln Center for the Performing Arts on September 24, 2020 in New York City. (Photo by Noam Galai/Getty Images) ‘Unless we see a miraculous employment recovery’ Poverty in the U.S. actually declined at the beginning of the coronavirus pandemic, thanks largely to two provisions in the CARES Act: stimulus checks and the extra $600 in weekly unemployment benefits. Since then, there has been no second round of checks, and the extra unemployment benefits expired at the end of July. The Lost Wages Assistance (LWA) program — enacted by the president to make up some of the difference in unemployment — mostly expired in September, leaving unemployed workers with only their regular state benefits that replace much less of their wages.

While the funding provided under the $2.2 trillion CARES Act was the largest economic stimulus package in history, its effects won’t last long enough to support those in financial hardship, especially when the job market and the economy haven’t recovered...

‘It's not sustainable’ The unemployment rate remains elevated at 7.9% — the highest since 2012 — while 25 million Americans receive some type of unemployment insurance, according to the Labor Department. Any benefits that out-of-work Americans were able to sock away earlier are evaporating. Jobless workers more than doubled their liquid savings between March and July, according to a new study by the JPMorgan Chase Institute, but they spent two-thirds of those accumulated savings in August alone.

“Poverty is going to continue to rise,” Meyer said. “You're going to have people having had more and more weeks out of work, and only a fraction of those lost earnings replaced. That's going to accumulate over time.” The financial hardships caused by this will likely mean a rise in people who can’t pay rent and utility bills, who will struggle to buy food, and who could even lose their homes.