Youngsters and Cash: Because the pandemic will get worse, dad and mom prioritize speaking about cash with their youngsters [Column] | Cash

Believe me, talking to your child about money can be easy.

It mainly takes advantage of the plethora of everyday learning opportunities that occur in the serial aisles of grocery stores, sits in the TV commercial flash, searches pop-up ads online, and uses new or used cell phones. Will be bought. the mall.

But too many parents miss out on these opportunities, whether they have no faith in the subject or are not interested.

But something interesting happened during the pandemic. According to a recent study by Baltimore-based investment firm T. Rowe Price, parents have started talking more to their children about money.

In fact, T. RowePrice found that the percentage of parents who had money conversations with their children in the past year hit record levels during the pandemic process. The company launched its annual Kids & Money survey 13 years ago to examine the attitudes and behavior of parents and children towards money.

According to the latest survey of more than 2,000 parents and children between the ages of 8 and 14, 47% of parents discuss money problems with their children at least once a week during the pandemic. As of 2017, fund companies have stated that the percentage of families who regularly chat about money has never exceeded 35%. (The 2020 survey was almost complete in the early stages of the pandemic.)

What did parents and children talk about? Save money, establish the importance of not living beyond your own means, set financial goals and share how the pandemic has affected your daily cost of living. Of course, the family also provided information about the pandemic as often as they talked about their financial well-being.

Jerome Clark, Strategic Program Manager at T. Lowprice said:

The survey also found that families of all races had more money conversations with their families over the past year.

One point is to understand the clues your child is not giving their parents. The stressful situations that we have been through for over a year can be transformed into powerful teaching aids. A long-standing study by T. Rowe Price found that children who frequently talked about money to their parents became more financially responsible as they got older.

If talking about savings, expenses, goal setting, and other financial concepts isn’t your forte, there are numerous resources available online to get you started, T. A free educational resource created by RowePrice.

Parents should always be ready to ask their children about the worst things about money. Your questions can surprise you when you are least willing to answer.

When confronted with moments like this, I always say, ‚ÄúThat’s an interesting question. Why do you ask? “It takes time to say something other than” yes “,” no “and” maybe “.

You may not have all the answers, but don’t worry. The fact that you are listening to your child’s questions may be enough to keep the conversation going.

Children and Money: As the pandemic worsens, it is very important for parents to talk to their children about money [Column] | money

Source link Children and Money: As the pandemic worsens, it is very important for parents to talk to their children about money [Column] | money

CDC examine finds nursing dwelling residents had been reinfected with worse case of Covid

A general overview of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta.

Tami Chappell | Reuters

A new CDC study found that some elderly people who appeared to have recovered from the coronavirus later had a second, even worse case – suggesting that asymptomatic or mild cases may not offer much protection against re-infection with Covid- 19 offer.

The study was published Thursday in the Centers for Disease Control and Prevention Weekly report on morbidity and mortalityexamined two separate outbreaks that occurred three months apart in a qualified care facility in Kentucky. According to the study, 20 residents and five health care workers tested positive for the virus between mid-July and mid-August.

The second outbreak, between late October and early December, was worse: 85 residents and 43 healthcare workers tested positive for the virus. Among residents who tested positive during the first outbreak and were still living at the facility, five tested positive a second time more than 90 days after their first positive test.

Although Covid-19 reinfections do occur, they are generally rare.

Through frequent monitoring after the initial outbreak, all five residents had at least four negative tests between outbreaks, suggesting that they may have been re-infected with the virus later. Reinfection means that a person who had Covid-19 has recovered and then got it again CDC.

“The history of exposure, including when the roommate infections occurred and symptoms recurred during the second outbreak, suggests that the second positive RT-PCR results represented new infections after the patients appeared to clear the first infection,” wrote Alyson Cavanaugh , one of the researchers who led the study.

While only two of the five residents showed mild symptoms during the first outbreak, all five potentially reinfected residents showed signs of illness the second time. The two residents who reported symptoms during the first outbreak “experienced more severe symptoms during the second infectious episode, according to the study.” One resident was hospitalized and subsequently died.

According to the study’s researchers, this was “noteworthy” as it suggests the possibility that people who show mild to no symptoms when they first become infected are “not creating a sufficiently robust immune response to prevent re-infection”. The results “suggest the possibility that the disease may be more severe during a second infection.”

“The results of this study underscore the importance of maintaining public health mitigation and protection strategies that reduce the risk of transmission, even in those with a history of COVID-19 infection,” wrote Cavanaugh.

Some limitations were noted in the study. Because the samples were not stored, the researchers were unable to perform genome sequencing, a laboratory technique that breaks down the virus’ genetic code to confirm re-infection. “There are no additional test results to prove the initial test result is really positive,” they said during the initial outbreak.

It is believed that the risk of re-infection for the general population is still low, but nursing home residents may be particularly at risk due to their coexistence and high number of exposures, according to the study.

“Qualified care facilities should employ strategies to reduce the risk of SARS-CoV-2 transmission in all residents, including those previously diagnosed with COVID-19,” Cavanaugh wrote.

Former ambassador warns expiration of key nuclear treaty with Russia would make the U.S. ‘worse off’

The Biden government has urged the renewal of the new Strategic Arms Reduction Treaty (New START) with Russia for five years, which expires on February 5. The nuclear deal regulates and limits how many nuclear weapons each country can have. Russian officials said on Friday they were welcome the news.

Michael McFaul told CNBC’s “The News with Shepard Smith” that the expiry of New START with Russia would “put the USA in a worse position”.

“We would lose our ability to review, look inward and look at the Russian nuclear arsenal,” said McFaul, who served as US ambassador to Russia from 2012 to 2014. “Do you remember Ronald Reagan always saying,” Trust but check? “I say don’t trust, just check, and the new START contract allows us to do that. I think it’s the right decision by the new Biden team to renew it.”

Joel Rubin is a former Deputy Assistant Secretary of State for Legislative Affairs, where he has worked with members of Congress on various national security issues, including nuclear safety. He agreed with McFaul and told the story “The News with Shepard Smith” that the agreement will stabilize relations between the two nuclear powers.

“The Trump administration has tried to leverage the delay in the renewal of the treaty but has received nothing in return, which puts the entire treaty at risk,” said Rubin, who was also the policy director for Plowshares Fund, the country’s leading nuclear security company Foundation, endowment. “We need stability between the US and Russia, which together own more than 90% of the world’s nuclear weapons. The renewal of New START will do that.”

Relations between Moscow and the US are in the midst of massive cyber attack against federal authorities, meddling in US elections and the recent arrest of Russian opposition leader Alexie Navalny. president Joe Biden will ask its director of the National Intelligence Service, Avril Haines, to review Russia’s interference in the 2020 elections Washington Post.

McFaul told host Shepard Smith that he believes the reaction against Russia will likely be sanctions, but that the Biden administration has a choice when it comes to penalties against Russia.

“The simple thing is to sanction a number of unnamed colonels, FSB, the successor group to the KGB, and tick the box,” McFaul said. “The bolder move would be to sanction some of those who make the Putin regime possible, including some economic oligarchs who support Putin.”

Rubin added that the US should also work closely with European and Asian allies to pressure Russia to change and address its internal repression and aggressive international behavior, “rather than pushing them away and easing diplomatic pressure on Russia, like the Trump administration did. “”

McFaul told Smith he wasn’t sure about President Joe Biden wanted to spend the political capital to get tougher with Russia because of domestic issues facing the US, including Covid and an economic crisis. McFaul added, however, that he believes Biden could do both.

“I think you could run and chew gum at the same time. I think you should be able to do both at the same time, but we’ll have to wait and see what they do,” McFaul said.

Rubin told “The News with Shepard Smith” that he believes it is time for the US to be “persistent” with Russia and President Vladimir Putin.

“We should not be afraid of Moscow, nor should we go to Moscow, nor should we expect that we can improve relations between the US and Russia through the diplomacy of children’s gloves,” said Rubin.