Where Will You Fall in the K-shaped Recovery

+ An update on the extra $300 unemployment benefits.

Early in the pandemic, many economists were predicting a V-shaped recovery. Lockdowns had suppressed demand, the thinking went, but once they lifted we'd see the economy spring back to where it was before. Several months later, the outlook isn't buoyant across the board. Some sectors, such as health care and tech, have proven resilient, and plenty of their workers still have jobs. But sectors like hospitality have slumped, and millions of their workers remain unemployed. So now the experts are talking about a K-shaped recovery: things are looking up for some, but down for others. In today's edition, learn more about unemployment and the status of the extra $300 in weekly unemployment benefits in your state.   Best wishes, Elizabeth P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don't miss the next issue. To listen on podcast platforms or smart speakers, click here. TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE 5 Numbers That Show the Unemployment Crisis Is Probably Even Worse Than You Think   The recovery is uneven. Extra $300 Unemployment Benefits: All the States Still Sending out Weekly Bonus Checks   A handful have already paid out the full allotment. Why Do Some Rich People Pay No Income Taxes?   And what does the average American pay? RETIRE WITH MONEY COMMUNITY INSIGHTS This week in our Retire with Money Facebook group, a member asked this group question: "If I start collecting Social Security at 62½, will it be the same amount per month I would get if I had started collecting at 62? I'm trying to decide if I should start collecting at 62½ or wait until 63." Fun fact: your monthly check increases for each month you delay claiming benefits. So even if you can't wait until full retirement age, or even age 70, for the biggest possible check, it pays to delay even a little bit.