Skimm Money

A not-so-fun name for the economic and job market downturn. Because women – especially women of color – have been disproportionately affected.

The price some women pay for adding “mom” to their resume. Mothers were already less likely than other women to get job offers and fair wages pre-pandemic. Now it could get worse as women leave the workforce to deal with pressures at home. Potentially paving the way for more missed promotions and raises and lower retirement account balances.

A life raft the government throws the economy when it’s in danger of drowning. In 2020, lawmakers passed two. Including a bonus on top of regular unemployment benefits and direct payments. Psst...if you get a check, spend smart.

Also goes by “unemployment benefits” or just “unemployment.” It’s money you can temporarily get from the gov when you lose your job. Thanks to the latest stimulus package, everyone’s checks will be $300 bigger than usual for a few months.

When businesses tack an extra fee onto your bill to make up for *gestures at all this*. You might see one on the receipt for your next dinner, haircut, or dentist appointment. Leave some buffer in your budget.

A private startup insiders say is worth at least (*Dr. Evil voice*) $1 billion dollars. In the past, ones like Uber, WeWork, and Slack dominated headlines. More recently, it's been Airbnb and DoorDash that have gone public with huge valuations. If you're thinking of becoming a shareholder, invest with caution. And money you can afford to lose.

The gap experts have identified between the "millennial rich" and "millennial poor." In homeownership, one report says more millennials purchased homes than any other generation in 2020. But more millennials also said they feel like they’ll never be homeowners. The difference between those groups? Usually race.