SkimmMoney

Skimm Money

President-elect Joe Biden

What Biden’s Presidency Could Mean For Your Wallet

Here’s his stance on economic relief, taxes, student debt, etc.

Skimm'tionary

Money things to know.


Shecession

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

Motherhood Penalty

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.

Stimulus Package

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.

Unemployment Insurance

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.

COVID-19 Surcharge

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.

Unicorn

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.

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Carmen Rita Wong

Weekly Career Podcast

Skimm'd from the Couch: Carmen Rita Wong

"People say, 'Oh, this door closed. This door closed.' And I'd be like, 'Well, I'll take a chainsaw and make a door.'”

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