New York Times: Jobless Workers Built Up Some Savings. Then the $600 Checks Stopped.

New York Times: Jobless Workers Built Up Some Savings. Then the $600 Checks Stopped.. “The $600 weekly unemployment benefit the federal government funded this year was a remarkably effective expansion of the safety net. It helped pay many workers more than their lost wages. It enabled families to spend more than during normal times. It even allowed households to put away savings as the economy was teetering. Then the money stopped at the end of July. And it’s clear, looking back, what happened next: Workers quickly burned through the reserves that the aid had given them.”

Leave a Reply