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He Made a Minor Mistake Filling Out an Unemployment Form. Then the State Demanded $14,990 From Him.

Ahmad Ghabboun broke into a sweat. It was a late night in August and he had just discovered an unexpected $14,990 debt posted to the online portal he uses to access his account with Washington state’s unemployment agency. Since May, he had been receiving payments every week through the Pandemic Unemployment Assistance program, newly established …

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Millennials Get Financially Screwed the Most From COVID

The COVID-19 pandemic is causing similar financial hardship for consumers around the world, but new research indicates that Millennials (those persons between the ages 26-40) are being challenged the most. A just-released TransUnion (NYSE: TRU) global report including seven regions on five continents found that three in four Millennials (76%) worldwide indicated their household incomes …

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If You’re Over 50, Chances Are the Decision to Leave a Job Won’t be Yours

Tom Steckel hunched over a laptop in the overheated basement of the state Capitol building in Pierre, South Dakota, early last week, trying to figure out how a newly awarded benefit claims contract will make it easier for him do his job. Steckel is South Dakota’s director of employee benefits. His department administers programs that …

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Congress Votes to Not Pay You For Overtime Work

The House of Representatives recently passed the Working Families Flexibility Act of 2017 with all but six Republicans voting for the measure, and no Democrats. Putting your political leanings aside, this legislation gives private employers the ability to no longer pay you in your next paycheck for overtime work you provide. That time-and-a-half pay may …

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As Economy Recovers Less Jobs Will Be Available for Middle Class. It’s the Robots.

Have you noticed that the stock market has been doing great and companies are talking about big profits but the numbers of unemployed have remained without a whole lot of reduction? Consider this, over the same time period that the economy has been in the toilet, technology is allowing companies to do more with fewer …

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Is Bank Of America Taking Advantage Of The Unemployed With Debit Card Fees?

The state of South Carolina and Bank of America have teamed up together to administer unemployment benefits to South Carolina residents. Unemployment benefits used to come in the form of a check but are now being issued in the form of a Bank of America prepaid debit card. Bank of America claims that it’s good …

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Unemployed People Facing Loss of Benefits. What Next for Them?

by Marian Wang, ProPublica Unless Congress acts to extend programs for those who have exhausted regular state unemployment benefits, millions of jobless workers may soon be phased out of emergency unemployment benefits. Unemployment benefits from states typically last for 26 weeks, but since 2008, Congress has on four occasions passed emergency provisions that use federal …

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