Americans

Puppy scams thrive amid coronavirus pandemic as Americans seek company: Illegal Tender podcast

This is part 1 of Yahoo Finance’s Illegal Tender podcast Season 6 ‘The Puppy Crimes of Quarantine’. Listen to the series here. 

In the early days and weeks of the COVID-19 pandemic, Americans acted on equal parts fear and necessity converting their homes into offices, gyms, and schools.

Those who were healthy found themselves restless and in search of a distraction. People painted rooms different colors and baked banana bread, and some saw an opportune time to get a puppy. 

Would-be dog parents took to the internet in droves searching for new dogs to adopt. Pandemic puppies were such hot commodities that reports of possible shortages of adoptable dogs first made headlines in late March.

Online dog scammers, which typically work during the winter holidays, came out in full force to exploit the pandemic. With stolen images or stock photos, they create online profiles of dogs, communicate with potential adopters, … Read More

1.48m more Americans file for unemployment as pandemic takes toll

Another 1.48 million people filed for unemployment insurance across the US last week as the grim economic toll of the coronavirus pandemic continued and infection rates picked up in many states.

Claims for unemployment insurance have now fallen for 12 weeks in a row but remain historically high. About 47 million people have now filed for benefits in the last 14 weeks with 3 million claims made in the last two weeks. Last week’s figure was just 60,000 lower than the previous week.

The latest figure comes even as states across the country have begun reopening after relaxing quarantine measures. But surges in infection rates in states, including new record highs in states including Arizona, California and Texas, are likely to prove a further drag on the economic recovery.

Nicholas Juhle, head of economic research at Greenleaf Trust, said a backlog of claims may have been adding to the still

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Unrest Is Changing the Way Americans Spend Money

(Bloomberg) — The back-to-back shocks of a deadly virus, lockdowns and civil unrest have a growing number of Americans reevaluating not just their life priorities, but also how — or even, if — they’ll spend their money.

Good.Must.Grow, a Los Angeles-based firm, said its Conscious Consumer Spending Index, which tracks expected purchases of socially responsible brands, suddenly rebounded after trending down since 2017, jumping 15% in May from the previous study in November. Asked what criteria would influence their post-pandemic spending, almost 70% of respondents cited a company’s ability to make a positive impact on society and the environment. The firm polled more than 1,000 Americans. 

“The environmental crisis has become better understood by more people in recent years,” said the consultancy’s founder, Heath Shackleford. “You layer on what’s happening with Covid, with George Floyd and all these things — I think we’re going to see a bigger piece of

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Here’s who’s hiring as the economy reopens and jobless Americans go on the hunt

As states open up their economies, workers who lost their jobs during the pandemic and ensuing shutdowns are on the hunt again.

In May, the economy added 2.5 million jobs — surprising economists — while the unemployment rate fell to 13.3% from 14.7% in April. Still, 20.5 million people remain jobless, per the May jobs report from the Labor Department.

Read more: Unemployment insurance: What it is and how to get it

The good news for job hunters: Not every sector is struggling and those who were recently laid off may be able to find work to meet the growing demand in certain industries. Some companies have such a need for workers that they are forgoing background checks and hiring qualified candidates on the spot.

Here’s where to look.

The economy added 2.5 million jobs in May and the unemployment rate dipped to 13.3%. (Credit: David Foster/Yahoo Finance)

jRetailers

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How the Pandemic Changed the Way Americans Spend Their Money

The coronavirus pandemic has thrown millions of Americans into chaos, negatively affecting financial well-being alongside physical and mental health. As unemployment rates soar and money insecurities abound, a new NerdWallet survey finds almost half of Americans (48 percent) are indeed feeling less confident about their personal finances due to COVID-19.

In a survey of more than 2,000 U.S. adults commissioned by NerdWallet and conducted online by The Harris Poll, we asked Americans how COVID-19 is affecting their finances—including spending and saving habits, feelings about homebuying and investing, and money plans for the end of the pandemic.

Key findings

  • Income impact: Close to 7 in 10 Americans (69 percent) say their household income has been negatively impacted by COVID-19, including 80 percent each of millennials (ages 24-39) and Gen Zers (ages 18-23).

  • Stimulus saving: More than one-third of Americans (36 percent) plan to use/have used their stimulus check to save and/or

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Americans Want To Shop Small, Here’s How To Make Them Customers

With the prominence of things like Small Business Saturday during the holiday shopping season and the slow food movement attracting customers to local restaurants that also source local ingredients, consumers have grown increasingly aware of the benefits of patronizing businesses in their community.

Now a recently released survey commissioned by Groupon, Inc. (NASDAQ: GRPN) and conducted by market research company OnePoll reveals that the global COVID-19 pandemic has heightened that awareness to a new high.

Pent-up Demand

The survey, which was conducted over the first five days of May among 2,000 Americans, showed that 75% of respondents plan to increase their support of local businesses as quarantine lockdown measures are cautiously lifted.

The survey found that the pandemic compelled consumers to confront the tenuous position most U.S. businesses found themselves in as they shut down in the interest of public safety. Not only this, but consumers were also forced to

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How the Pandemic Alters Americans’ Financial Habits

The coronavirus pandemic has thrown millions of Americans into chaos, negatively affecting financial well-being alongside physical and mental health. As unemployment rates soar and money insecurities abound, a new NerdWallet survey finds almost half of Americans (48%) are indeed feeling less confident about their personal finances due to COVID-19.

In a survey of more than 2,000 U.S. adults commissioned by NerdWallet and conducted online by The Harris Poll, we asked Americans how COVID-19 is affecting their finances — including spending and saving habits, feelings about homebuying and investing, and money plans for the end of the pandemic.

Key findings

  • Income impact: Close to 7 in 10 Americans (69%) say their household income has been negatively impacted by COVID-19, including 80% each of millennials (ages 24-39) and Gen Zers (ages 18-23).
  • Stimulus saving: More than one-third of Americans (36%) plan to use/have used their stimulus check to save and/or invest; the
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