Liquid savings are grossly inadequate in the United States, especially for people who have some of the lowest pay. One is that safety net that families typically lack in the U.S. It's disproportionately going to be Black and brown workers for a couple of reasons. Who will be hit the hardest if this $600 a week goes away? Really, the $600 is just helping families stay afloat. There's just no way to afford the cost of housing, the cost of care-giving, the cost of food. And even when you add in the state benefits, it's really grossly inadequate. How well is the typical household able to live off that much?įamilies really need well over $600 a week. But that state benefit can vary a lot depending on where you live. Most people can apply for unemployment benefits from their state as well. In excerpts from his interview on All Things Considered, Dutta-Gupta explains what's expected to happen to the broader economy if these benefits are allowed to expire. "And the economy overall is going to see much slower progress in a recovery than otherwise." "Families are going to face high rates of eviction, homelessness, food insecurity, hunger," he tells NPR's Sarah McCammon. People are facing income losses of up to 70% without federal pandemic unemployment assistance, says Indivar Dutta-Gupta, co-executive director of Georgetown's Center on Poverty and Inequality and an economic adviser to the campaign of presumptive Democratic nominee Joe Biden. But that's set to expire by the end of the month, leaving many in a high state of anxiety. Millions of American workers have been receiving $600 from the federal government each week during the pandemic in the form of unemployment assistance.
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