What Is Gross Domestic Product (GDP) – Definition & Calculations
Gross domestic product (GDP) is one of the most common measures of the economy for any nation. It is an important calculation but doesn’t always tell the whole story. Read on for a primer about what gross domestic product is, how it’s calculated, its limitations, and why GDP should matter to you.
Paycheck Protection Program (PPP) – Guide for Small-Business Owners
The Small Business Administration is disbursing up to $349 billion in low-interest forgivable loans to many American small businesses, freelancers, and nonprofits through the Paycheck Protection Program. Find out if you qualify and how to apply before the money runs out.
Third COVID-19 Economic Stimulus Payment – Eligibility & How to Get...
The economic fallout of the coronavirus pandemic has spurred lawmakers to propose another stimulus package in early 2021. The details aren’t final, but it’s expected to include a third round of direct payments to Americans — the biggest stimulus checks yet. Learn who is eligible and how to get it.
How the COVID-19 Pandemic Will Permanently Change Society & the Economy
One thing about the ongoing COVID-19 pandemic is already clear: It has dramatically changed societies and economies the world over. Many changes will outlive the pandemic, though to what extent depends on the eventual duration and toll it takes. Which ones will impact your life the most?
Should the Minimum Wage Be Raised to $15? – Pros &...
Should the minimum wage be raised? The question has triggered debates in legislatures and at dinner tables for decades. Read on for a brief history of minimum wage legislation, the factors influencing the wage debate, and the primary arguments for and against raising the minimum wage today.
What Is “Medicare for All” – Features, Costs, Pros & Cons
Medicare for All was a proposal that featured prominently in the 2020 campaign, with strong and conflicting opinions being voiced. Learn the basics of Medicare for All, how it compares to health care systems in other nations, and the pros and cons of implementing such a program in the United States.
Second COVID-19 Economic Stimulus Payment – Eligibility & How to Get...
The U.S. government is sending another round of COVID-19 stimulus payments. The vast majority of American adults and children are eligible, but not everyone qualifies. Find out if and how you’ll receive your stimulus payment — and most important of all, when.
40% Against Free Low-Income Housing, Even If It Saves Taxpayers Money
What prevents people from supporting social programs: taxpayer cost or anti-welfare bias? We surveyed 1,500 Americans to find out.
Unemployment Benefits During the COVID-19 Pandemic – Guide
In March 2020, the United States’ longest economic expansion in modern history ran into the buzzsaw of the COVID-19 pandemic, causing an unprecedented spike in jobless claims. But the vast majority of workers are eligible for state unemployment benefits. Follow these steps to apply.
What Is the FairTax Act Explained – Pros & Cons
Anyone who’s filed a tax return knows the U.S. tax system is complex and difficult to understand. Many say corporations, wealthy individuals, and special interest groups use loopholes to avoid paying their fair share. One idea for fixing the system is called FairTax. But would it really work?
How to Get WIC for Pregnant Women & Infants – Eligibility...
Many people struggle to feed their family at some point. Fortunately, many state and federal programs can help you through a challenging time. WIC, which helps feed pregnant and postpartum parents and their young children, is one such program. Find out how it works and how to sign up.
What Is the Real National U.S. Unemployment Rate?
During the current unrelenting viral pandemic, the U.S. unemployment rate has shot up more than 10 points, the sharpest increase since the Great Depression. Yet these sobering figures could understate the reality. That’s because the unemployment rate may never be as accurate as you think.
