promoearn: The Daily Money: When $600 jobless benefit ends, will homeowners struggle with mortgages?

Monday, July 20, 2020

The Daily Money: When $600 jobless benefit ends, will homeowners struggle with mortgages?

ALL THE MONEY NEWS YOU NEED TO KNOW

Monday, July 20

It's Monday, Daily Money readers. Brett Molina here to help kick off another work week with some fresh Money and Tech headlines.

Federal unemployment benefits that added an extra $600 to Americans' claims will expire by the end of this month. For many people, the added benefit provided an important lifeline. But with the benefit disappearing, it could lead to a spike in mortgage delinquencies.

Thousands of workers are expected to walk off the job Monday as part of nationwide protests over racial inequality. Organizers say participants will either protest during a lunch break or take moments of silence to remember Black lives lost due to police brutality.

Finally, you don't have to be a pro to learn how to invest. Here are 10 tips to get you started.

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Brett Molina, Money/Tech Editor

The word "forbearance" appears on a desk near a keyboard, book and pen.

Expiration of $600 unemployment benefit may spike mortgage...

About half of millennial and Gen X mortgage borrowers say someone in their household is on unemployment. Many worry about paying their mortgage when extra benefits end.