personal finance

Young Americans between the ages of 18 and 29 owe over US$1 trillion in student loans and mortgage and credit card debt that many will be paying back for decades.

(The Center Square) - Some 44 percent of Americans say they cannot afford another year like 2020, according to a recent survey by WalletHub, as the country enters a second year of dealing with the coronavirus pandemic.

"Financially, 2020 was such a difficult year that roughly 145 million Americans cannot afford another year like it," according to Jill Gonzalez, a WalletHub financial analyst. "Luckily, the U.S. is rolling out the COVID-19 vaccine, which will help conditions in the country approach normalcy more and more in the coming months."

Colorado's state auditor released a report on Tuesday detailing several significant problems in how the state's labor department accounted for unemployment insurance funds during the early pandemic.

Colorado ranks 19th of the 50 states in reliance on sales tax revenue.

Kansas has launched a new program designed to help individuals and families financially impacted by COVID-19 pay rent, utility and internet bills.

Elon Musk, the chief executive of Tesla, recently announced his company had bought US$1.5 billion (almost A$2 billion) of Bitcoin. The announcement led to a flurry of enthusiasm and a quick surge in price for the controversial cryptocurrency.

After a marathon session that lasted through the night, The U.S. Senate on Saturday narrowly passed a massive $1.9 trillion relief package.

The Colorado Department of Labor and Employment reported 14,018 initial unemployment claims filed during the week ending February 6

Colorado will begin distributing the second phase of federal benefits that were extended under the Continued Assistance Act in the coming weeks.

Colorado returned over $47 million in unclaimed property last year, the state treasurer's office said Monday. The state paid 23,434 unclaimed property claims in total for the calendar year.