Some consumers may be shocked to receive Visa debit cards with stimulus cash in January. Don’t throw the cards out, plus more Stimulus 2.0 tips.
Author: Susan Tompor, Detroit Free Press
Rising cases of COVID-19 stock scams threaten investors
The investigation of COVID-related fraud has been a priority for the SEC since the start of the pandemic. Scammers are likely to play up vaccines.
Economist Lisa Cook: Pandemic’s pain deepens wealth gap
Lisa Cook, economics professor at MSU who also is serving on President-elect Joe Biden’s transition team, says impacts will be long lasting.
Scams likely to heat up after COVID-19 vaccine rollout
Consumer watchdogs issue early warnings to try to stop scammers from selling fake vaccines and other promises to consumers.
Withdrawing from your 401(k) is a last resort — but CARES Act makes it less risky
As the pandemic continued in 2020, some people tapped into their 401(k)s more than once this year to deal with emergencies. Why Dec. 30 is a key date.
Robbing $800
Amazon Prime scam
Beware of those gifts you see on social media ads. They may never arrive.
More consumers are complaining about losing money after responding to an ad on Facebook, Instagram, Snapchat, TikTok and Twitter, regulators say.
‘Guilt gifting’ is a thing in 2020 as we try to make up for a rough year
‘Guilt gifting’ is parked next to curbside pickup when it comes to hot holiday trends. About 40% of consumers plan to buy more gifts, NPD Group says.
COVID-19 vaccine could return US economy to near normal by end of 2021
The U.S. Economic Outlook, released Thursday by University of Michigan economists, calls for real gross domestic product to rise by 4.2% in 2021.
Be sure to check those PlayStation 5 prices and pet adoption details, they top the holiday scam list
Holiday shoppers warned to watch out for customer service scams, PlayStation bargains, and impostor web sites as they buy gifts online.