Roswell Daily Record: The Education Plan announces launch of new website

Roswell Daily Record: The Education Plan announces launch of new website. “The Education Plan, New Mexico’s 529 education savings program, has launched a new website with enhanced tools and resources to help parents, grandparents and individuals plan and save for future education…. The site features analysis of education costs, a glossary that defines common terms related to savings plans, a breakdown of tax benefits, an overview of qualified expenses and an interactive map to determine the 529 savings opportunities in each state, among other content and tools.”

Recession’s Silver Lining: American Households Are Doing Better Than Expected (New York Times)

New York Times: Recession’s Silver Lining: American Households Are Doing Better Than Expected. “Since April, consumer savings have increased, credit scores have surged to a record high and household debt has dropped. The billions of dollars that banks set aside at the start of the crisis to cover anticipated losses on loans to customers have been largely untouched. And lending at pawnshops and payday lenders, where business tends to boom during downturns, has been unexpectedly slow.”

BuzzFeed News: People Have Nothing Left — Literally $0 — Because Of The Pandemic

BuzzFeed News: People Have Nothing Left — Literally $0 — Because Of The Pandemic. “When 2020 began, C. Adams started a new job at an engineering firm that paid $65,000. He had already downsized to a three-bedroom home in Georgia to help save for his two teenage daughters’ college funds. Expenses were manageable. When the pandemic began, he had $5,000 in savings after taking care of his late father and his debts. It wasn’t a lot of money, but it was something his family could fall back on, a sense of security. He never expected it would all be gone so soon.”

Senators Daines and Warren Propose National Database of Retirement Accounts

Senator Elizabeth Warren and Senator Steve Daines are proposing a national database of “abandoned” (probably more like “lost track of”) retirement accounts. “The Retirement Savings Lost and Found Act, introduced by Warren and Sen. Steve Daines, R-Mont., uses the data employers are already required to report to create the ‘lost and found’ database. With the click of a button, any worker could locate all of their former employer-sponsored retirement accounts, the senators state.”