Skimm'd with a new finance app

March 11, 2021

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Quote of the Day

"Landing can be a little bit harder" – A tweet after a Royal Albatross's faceplant was caught on camera. We've all been there.

One Year


The Story

It's been one year since COVID-19 has taken over our lives.

Remind me.

A year ago today, the World Health Organization acknowledged what had already become a reality: that the world was dealing with a deadly pandemic. About a week later, California would become the first state to go on lockdown. Soon after, a wave of states followed, forcing businesses, schools, and restaurants to close. And as everything shut down, the unemployment rate shot up – reaching nearly 15% at the height of the pandemic.

I remember where I was when it hit me.

We all do. Everyone's been affected one way or another. One in three Americans have lost a loved one to the virus. The US has said painful goodbyes to more than half a million people. Tens of millions more have been infected – some of whom are still feeling COVID-19 symptoms. Black Americans have been disproportionately affected – and are about twice as likely as white Americans to die from complications from the coronavirus. And there's been a rise in anti-Asian hate crimes. But amidst all the lows, there is hope.

Explain.

Science came through, delivering three safe and effective vaccines in the US. It's a feat that typically takes at least 10 years. Now after a sluggish start, the country's seeing its largest vaccination campaign pick up the pace with nearly 10% of the population fully vaccinated – many of whom can now live a less-restricted lifestyle. Just yesterday, President Biden said he's planning to order another 100 million doses of Johnson & Johnson's one-stop shot by the end of the year. But in the meantime, it's important to continue following the 2020 mantra: wear a mask, social distance, and wash your hands. Because we're not out of the variant woods yet.

theSkimm

This time last year, many of us were just learning about the virus. Now – thanks to medicine and technology – the world is in a much different place. It's not clear when everything will return to normal, but there finally seems to be a light at the end of the tunnel.

Relief


Americans are still dealing with high unemployment and many are trying to find a way to make ends meet. The gov's tried to help by passing two relief bills last year. Yesterday, it passed a third. Meet President Biden's $1.9 trillion coronavirus relief bill. Here's what's in it:


Your wallet: $1,400 direct payments to Americans making under $75K. A child tax credit up to $3,600 depending on their age. Another $1,400 for adult dependents like college students. And a $300 weekly federal unemployment bonus. It also makes the first $10,200 tax-free if you filed for unemployment. The bill doesn't include a $15/hour federal minimum wage increase – something progressive Dems pushed for but fell flat in the Senate.


Everyone else's: The package also sets aside $350 billion for state, local, and tribal governments to make up for lost tax revenue. $130 billion for K-12 schools to reopen. Nearly $30 billion in aid to restaurants for things like payroll and to keep the doors open. And $160 billion for vaccine development and distribution. It also expands Obamacare subsidies for those who get health insurance under the act.


Next steps: The bill is on its way to Biden, who's expected to sign it tomorrow. Direct payments could be sent to Americans soon after. Still confused on whether you're eligible for a stimulus check? Use this calculator.


Psst...here are a few smart ways to spend your stimulus money.

Lives, Changed


Biggest understatement of the year: The pandemic has changed pretty much everything. We've been tracking its impact in our daily lives since the beginning, including:


The workforce…Women have lost 5.3 million jobs during the pandemic. And since February 2020, over 2.3 million have left the workforce because of things like layoffs or lack of childcare. Compare that to 1.8 million men. The disproportionate impact on women has been dubbed a "shecession." But we've got tips to help.


Wellness…Uncertainty, stress, financial strain, stress, lack of social life – all have contributed to an increase in mental health crises. One government survey in December found that over 42% of people felt symptoms of anxiety or depression – an increase from 11% the previous year. And study after study has found that working moms are suffering from disproportionate levels of burnout and stress. So, remember to take a break and try different ways to cope with stress amid all the changes over the last year.


New trends...Old habits are hard to break, but new habits can be too. So keep an eye out for the trends that might be here to stay: like more flexibility around working remotely, more online sales and content consumption, and a recognition that everything is just a little more germy than we initially realized.


PS: A lot has changed in the last year. Whether you've moved, taken up different hobbies, switched careers, or have grown your family, we want to know what's new in your life. Fill out our quick survey and tell us here.

And Also...This


Where tweets are moving at a glacial pace...

Russia. Yesterday, the Kremlin said it's slowing down Russians' ability to upload photos and videos on Twitter. The Kremlin says it's because the tech company's been slow to delete tweets that encouraged child suicide, drug use, and child porn. But the timing is interesting: the move comes after weeks of nationwide protests in support of jailed opposition leader Alexei Navalny – protests in part organized on social media. Twitter is saying it's "deeply concerned" about the Kremlin's actions, including what it called efforts to stifle conversation.

Who's about to get onboarded...

Merrick Garland. Yesterday, the federal judge got the Senate's approval to serve as President Biden's attorney general. You might remember him as former President Obama's 2016 Supreme Court pick that the GOP shut down. Now, he'll serve as Biden's right-hand man on all legal matters and lead the Justice Dept. First on his to-do list: investigating the Capitol riot.


Rep. Marcia Fudge (D-OH). Yesterday, the Senate promoted her as Housing and Urban Development (HUD) secretary. Fudge has repped Ohio's 11th district since 2008, leading the Congressional Black Caucus from 2013 to 2015. She's the first Black woman to lead HUD since 1977. Now, she'll advise President Biden in his efforts to end housing discrimination and tackle affordable housing.


Michael Regan. Yesterday, he got the green light to lead the Environmental Protection Agency (EPA). Regan worked at the EPA under previous admins. And has been serving as North Carolina's top environmental regulator. He'll be the first Black man to lead the agency. And will be tasked with implementing President Biden's climate change policies.

What's better than visiting open houses...

Streaming them.

Tricks of the Trade


Figuring out how to make your money grow can be overwhelming. So we've teamed up with Fidelity to break down two popular types of investments. Drumroll please…


First up: stocks, aka small slices of a company you can buy to get a piece of their assets and (fingers crossed) profits. Next: mutual funds, which offer an easy way to invest in a bunch of stocks and/or other assets at once. They can help you spread out your risk and save you time, but there is still risk involved and your payoff could be smaller.


No matter what you decide to do (psst...'all of the above' is an option), the free Fidelity Spire app can help you do it. It offers planning, saving, and trading all in one place. Learn more.†

†Investing involves risk, including risk of loss. Accounts made available in the Fidelity Spire® app may be subject to fees. Fidelity Brokerage Services, Member NYSE, SIPC 970464.1.0

Brb, Getting Our Beauty Sleep


We all know it's important to have a skincare routine. But curveball: experts say you actually want two. One for the morning that focuses on protecting your skin from everything it'll come up against throughout the day. And another for nighttime that can help boost your skin's natural renewal process.


Mrs. Estée Lauder was all over that. The cosmetics entrepreneur brought new meaning to the term "beauty sleep" when she launched the first-ever night serum in 1982. And her namesake company has kept updating the formula. The new(er) Advanced Night Repair works night and day to help keep your skin hydrated, smooth, and glow-y. Get you some of that.

PressPause

1. Cool, comfortable sneakers in spring-ready colors. Snag these 2020 Skimm Faves in off white, rose or grey canvas. They're durable, versatile, back in stock after having an 8k waitlist, and 15% off for Skimm'rs. NBD. Welcome warmer weather in style.*


2. Smart products that'll help you reenergize your sex life. This list has a massage oil for you and your partner, a flexible vibrator, and a water-based lube. It's time to start exploring.


3. 10 cleaning tips from Midwestern grandmas. They've got hacks that'll fix coffee stains, greasy pans, dirty mirrors, and more. Over the river and through the woods to gma's spotless kitchen we go.

*PS: This is a sponsored post.

Skimm'Picks

Here are today's recs to help you live a smarter life…


1. A DNA test that can help you eat according to your body's needs. This company will teach you what foods nourish and energize you. Plus how you metabolize stuff like alcohol and caffeine. PS: Skimm'rs get 60% off for a limited time. Yum.*


2. A wine subscription that understands your tastes better than you do. Take this quiz and get six expertly chosen bottles from all over the world shipped to your door every month. PS: Skimm'rs get 50% off their first box. Clink clink.*


3. A special Women's History Month episode of "Skimm'd from the Couch," sponsored by Hulu. Featuring Alicia Garza, Principal of Black Futures Lab and co-founder of the Black Lives Matter Global Network. She talks relationship building, overcoming rejection, and staying invigorated. Listen here.*


PS: Like what you see here? Make sure you're signed up to get more picks like these in your inbox every Monday. We've got exclusive shopping recs, streaming ideas, life hacks, and more.

*PS: This is a sponsored post.

Skimm’rs


We like to celebrate the wins, big and small. Let us know how your friends, neighbors, coworkers (and yes, even you) are making career moves, checking off goals, or making an impact in the community. Reach out here for a chance to be featured.


Leading future leaders...Kali R (MA). She's a volunteer on the Junior Board of Girls Inc. of NYC (GINYC), a nonprofit organization focused on providing girls ages 6-19 in NYC with life-changing educational programs. They're hosting a Virtual Auction on March 18, 2021 to raise funds for programs, including STEM enrichment summer classes and pandemic relief initiatives. Learn more and donate.


Messages of support...Jessica W (MD). She volunteered 200 hours for the Crisis Text Line and she's helped people through suicidal thoughts, anxiety, depression, and a wide range of other issues. The service has seen more requests from people in need of support during the pandemic. Learn more.


(Some) Birthdays...Joe Schechter (FL), Dani Lazarus (NY), Gregg Lobel (NJ), Abby Benkert (MA), Morgan West (OH), Taylor Mihail (CAN), Naomi Gaba (VA), Morgan Waterman (NH), Nicole Santilli (CO), Amanda Schwartz (CA), Valerie Yuryk (IL), Morgan Kumm (NE), Rachel May (MI), Jillian Madocs (NY), Maura Connolly (NY)


PS…we've also got a video wall to shout out a woman in your life who's making an impact on you. Check it out.

Skimm More

We've got podcast recs for when you're looking for something new to add to your queue. Check 'em out.


And if you're looking for other smart ways to spend your time…

  • Listen to our news podcast "Skimm This" for clarity on the biggest stories of the week.

  • Tune in to our career podcast "Skimm'd from the Couch" for tips to build your resume.

  • Subscribe to our "Skimm Money" newsletter to keep up to date with your wallet.

  • Sign up for our "Press Pause" newsletter for curated shopping, reads, and entertainment recs.

  • Follow us on the gram, Twitter, YouTube, and Facebook.

  • Download our app to get it all in one place.

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Skimm’d by Maria del Carmen Corpus, Mariza Smajlaj, Clem Robineau, and Julie Shain


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