April 5, 2021

Day: April 5, 2021

Pandemic Helps Stir Interest in Teaching Financial Literacy

In the latest round of legislative proposals, some states are merely encouraging the teaching of financial skills while a few would make the subject a graduation requirement. Ohio, for instance, is considering a proposal that would require high school students to pass a half-credit class in personal finance in order to graduate. The class must be taught by a teacher trained in the subject matter.

The bill would also create a fund to help pay for training to teach the subject, said State Senator Steve Wilson, a Republican and former banking executive who co-sponsored the bill. He said he was

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Victims of EDD debit card fraud say Bank of America made it too difficult to recoup stolen money

It was an unpleasant surprise for Jennifer Yick when the Bank of America debit card holding her unemployment benefits was declined by a store. The San Francisco resident knew she had more than $400 in the account.

She logged into the bank website and saw four hefty DoorDash charges — even though she has never used the food delivery service.

“I felt sucker-punched,” she said. “They just drained it.”

Then she embarked on a lengthy quest — “the tale of unending phone calls, hours on hold,” she said — to contact Bank of America about the theft.

Scores of jobless

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533 million Facebook users’ phone numbers, personal information leaked online, Insider says

“Bad actors will certainly use the information for social engineering, scamming, hacking and marketing,” tweeted Alon Gal, the co-founder of an Israeli cybercrime intelligence company called Hudson Rock, who flagged the release of the Facebook data Saturday. Social engineering involves getting access to people’s confidential information by gaining their trust rather than overcoming technical barriers — for example, by impersonating a tech support person.

“I have yet to see Facebook acknowledging this absolute negligence of your data,” Gal tweeted. Gal said the compromised data also included Facebook IDs, full names, locations, some email addresses, relationship statuses and other details.

Facebook

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WeWork founder Adam Neumann planning secret COVID-19 business – report

Israeli-American businessman and disgraced former WeWork CEO Adam Neumann is planning a new secret business venture relating to the global coronavirus pandemic, an insider told The New York Post on Saturday.
The 41-year-old reportedly has “big plans,” the insider claimed, and is “waiting for the right time to announce them,” though what it has to do with COVID-19 remains to be seen.

It is unclear what this next venture is for the disgraced entrepreneur, who is currently the subject of a new Hulu documentary on his rise and fall as WeWork’s CEO – though according to the insider, he has

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Should you buy life insurance for your children?

We all want our kids to live long, healthy lives, which is why child life insurance may not feel like a top priority. It’s worth considering, though, as it can lock in low rates and act as an investment vehicle for your children.

Learn more about this type of life insurance, and find out if it’s the right choice for your family.

What is child life insurance?

Child life insurance covers the life of a minor and is typically purchased by a parent or grandparent.

In general, these policies are whole life products — a type of permanent life insurance

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Received jobless benefits in 2020? IRS could be sending you money soon

Did you file your tax return just before you realized that you could get a tax break on a portion of the jobless benefits you received in 2020?

Here’s some good news: Big money could be heading your way soon — or some of that money could be applied to any taxes you might owe.

And you won’t have to amend a federal income tax return to get it. 

On Wednesday, the IRS said it would take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent tax

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