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Personal Finance Daily: Why do so many Americans refuse to wear face masks? and 5 ways to support black-owned businesses

Tuesday’s top personal finance stories Read More...

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Personal Finance
Why do so many Americans refuse to wear face masks? Politics is part of it — but only part

‘Americans are rarely up in arms when they see signs that require them to wear shoes or shirts because it is part of our culture.’

3 ways the tax code ‘amplifies’ the racial wealth gap

Many black taxpayers aren’t in a financial position to access the tax code’s ‘special aspects.’

5 ways to support black-owned businesses: ‘It’s not rocket science — people just choose not to do it’

Spending money at black-owned businesses is a way to address racial inequities long after protests are over.

Americans have increasingly embraced Black Lives Matter. Will employers let them do so at work?

Starbucks now allows employees to show support for Black Lives Matter — but some companies say it violates their dress codes.

‘You have a degree, but who do you know?’ Why student debt is a racial-justice issue

A tool meant for economic mobility has exacerbated the racial-wealth gap.

The extra $600 Americans receive in weekly unemployment benefits ends in July — how that could cost the U.S. more jobs

For every dollar spent on unemployment insurance, there’s a multiplier effect leading to a 1.64 increase in GDP, research shows.

‘I’m astounded that I have NOT received my payment’: When will I receive my stimulus check?

I fear it’s too late for me to receive my $1,200 stimulus check. The tax return deadline for 2019 was extended to July 15.’

My estranged husband filed a joint tax return without my knowledge. He got my family’s stimulus payment — what can I do?

‘He has used the pandemic to commit emotional and economic abuse.’

The No. 1 thing Americans are spending their stimulus checks on — even more than shopping at Costco, Walmart and Target

U.S. retail sales jumped by 17.7% in May. Economists polled by MarketWatch had forecast an 8.5% increase.

Breaking down this ‘miracle’ COVID-19 survivor’s $1.1 million hospital bill

More than $400,000 for six weeks in the ICU, and $82,000 for a month on a ventilator.

Elsewhere on MarketWatch
Retail sales surge a record 17.7% in May, but coronavirus wounds still visible

Sales at U.S. retailers roared back in May as the economy started to reopen following record declines in the prior two months triggered by the coronavirus.

Trump unveils executive actions on police reform

President Donald Trump unveiled executive actions addressing police reform on Tuesday, as protests against police brutality and racism have rocked cities across the U.S. in the wake of the killing of George Floyd.

Fed’s Clarida worried that easier financial conditions may not last

Federal Reserve Vice Chairman Richard Clarida on Tuesday said the easing of financial conditions since the coronavirus pandemic started in mid-March may not last.

Washington, D.C., statehood bill set for vote in House of Representatives

House Democratic leaders say they’ll take the first step toward making the District of Columbia the 51st state next week, with a June 26 vote in the House of Representatives.

Powell says economic activity far below pre-pandemic levels despite ‘modest rebound’ in some areas

Federal Reserve Chairman Jerome Powell on Tuesday noted that some areas of the economy are seeing a modest rebound, but said levels of output and employment remain far below their pre-pandemic levels.

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