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As Americans slowly return to work, older workers are finding the current economic situation much harder to navigate than their younger counterparts.Many large companies, including the airlines, are offering early retirement packages. For older workers, those buyouts come with uncertainty for their financial future.“These are tough times, especially for older workers,” said Susan Weinstock with the AARP.Weinstock’s concern is older workers are being forced out of work without enough saved for retirement. According to AARP, half of full-time workers experience job loss after the age of 50. It typically takes them double the time to get back into the work force as it does a younger worker, and even if they find a job, they end up making less money.For those over the age of 50 who have suddenly lost their job because of COVID-19, there's also less time to make up retirement savings that were lost.“We know saving through work is the best way to save for retirement, and when you don’t have that option it makes it a lot harder,” Weinstock said.Weinstock's advice if you're over the age of 50 and out of work is to use this time to upscale or re-scale. She suggests finding an online class. Showing employers that you're a lifelong learner can make you more marketable.“We want to make sure older workers are able to recover from this, along with everybody else in the economy,” Weinstock added.For those working from home, Weinstock recommends taking the money you might have spent on commuting and putting it into your retirement account. 1557
An #Amazon delivery driver calls it quits and leaves behind a truck full of packages at a gas station. @_lilderick went viral overnight after tweeting about it and he says had enough. Tonight, he explains his hasty decision and online outrage. @tv20detroit @wxyzdetroit pic.twitter.com/wsffAJnicN— Rudy Harper (@RudyHarperWXYZ) July 1, 2020 348
Americans are calling out practices at some car lots more now than ever before.“We found a pattern of abusive and deceptive practices that the auto loan industry has been employing and unfortunately these complaints have sharply increased during the pandemic,” said Lucy Baker, Consumer Program Associate at U.S. Public Interest Research Group (PIRG).Looking at the Consumer Financial Protection Bureau's consumer complaint database, the U.S. PIRG found between March and July, there were more than 2,800 auto loan and lease complaints. That's more than any other 5-month period.This includes complaints like not getting auto loan relief, which the CARES Act didn't specify, but some lenders offered to work with customers. Also, complaints about broken payment systems that led to late fees, and issues with loan terms changing or yo-yo financing.“You go into a dealership, you buy a car you sign on the dotted line, but as your driving away, you get a phone call from your dealer that says, ‘hey the financing has fallen through, I’m going to take your car back unless you agree to pay more or pay a higher interest rate,’” said Baker.There were complaints about harassment over repossession and debt, as well as expensive add-ons like warranties, insurance, and service plans.High pressure tactics were another problem.“If you put somebody in a room for a long period of time, they're going to be so frustrated that they are going to want to get out of there and then you can pressure them into buying these things they don’t need,” said Baker.U.S. PIRG is pushing policymakers for auto loan relief programs, banning repossession, debt collection and negative credit reporting.It also has some recommendations for customers: Don't roll an old auto loan into a new loan, avoid buy here – pay here lots, and don’t get focused on low monthly payments. Instead, compare the total cost of the loan including interest paid.Officials also suggest filing complaints with the Consumer Financial Protection Bureau. It creates pressure on lenders to make things right. 2068
As Congress heads back to Washington D.C., the idea of a second stimulus check being sent out before 2020 comes to an end seems to drift further and further away for Americans going through financial hardships due to the coronavirus pandemic.According to CNN, lawmakers want to send out another round of payments. Still, they can't seem to agree upon a broader economic aid package as they did back in March when Americans received ,200 checks.CBS News reported that Congress could still pass a scaled-down stimulus bill by Dec. 11, which could still include some relief programs.On Monday, Senate Majority Leader Mitch McConnell said on the Senate floor that there aren't many reasons as to why Americans shouldn't receive another relief package, CBS News reported.According to CBS News, one issue lawmakers cannot agree to send hundreds of billions in funding to states and cities that were hit by declining tax revenues amid the pandemic. 951
And the title of the next Avengers film is...Endgame.Marvel Studios released the first trailer for the fourth — and possibly final — Avengers film on Friday, confirming suspicions that the movie would be called "End Game."The trailer offers few hints to the fate of a number of superheroes following the ending of Avengers: Infinity War, but offers a glimpse of heroes Black Widow, Captain America, Hawkeye, Nebula, Iron Man and the Incredible Hulk.The end of the trailer introduces Hank Pym, aka Ant-Man into the new film's storyline, after he was absent from Infinity War.The message tweeted alongside the video? "Part of the journey is the end." — a line uttered by Stark during the trailer.The trailer does not give a release date for the film, but it confirmed the movie would be released in April.There is at least one more Marvel movie set to release ahead of Avengers, which could offer more insight into the new Avenger's plot — Captain Marvel, which will hit theaters on March 8.Watch the full trailer in the player below. Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. 1149