David I. Pankin, P.C.

The Unemployment rate continues to remain high, as new jobless claims came in last week at 900,000. Hopefully, the new administration will take aggressive steps to combat COVID. Once we get COVID under control, the unemployment rate will likely change for the better. Additionally, if the new administration's plans for infrastructure spending go forward, we could see a significant reduction in these numbers. https://conta.cc/2MdyiSl

Bankruptcy is for everyone who needs it, even celebrities and famous sports stars https://conta.cc/35RbxdS

In some bad economic news, the U.S. lost 140,000 jobs in December, the first decline since April. https://conta.cc/3q23Adn

The New York Senate is about to pass a new eviction moratorium and foreclosure prevention bill https://conta.cc/3nZSZiG

Dropping incomes and spending have raised concern about recovering from the COVID-19 Pandemic https://conta.cc/3mJxktq

2 Million Workers Have Tapped Retirement Savings as a Last Resort During the Covid-19 Pandemic https://www.nytimes.com//coronavirus-withdrawal-401k-retir