Title: $600 Unemployment Checks — Congress Has No Choice But To Extend Benefits
Headings: $600 Unemployment Checks — Congress Has No Choice But To Extend Benefits
More From Forbes
May 27, 2021,03:40pm EDT
Will Senate Moderates Sink Biden’s Medicaid Home-Based Long-Term Care Plan?
$600 Unemployment Checks — Congress Has No Choice But To Extend Benefits
The Effect of Expiration of the $600 Federal Unemployment Benefit on the Unemployed
These 31 States Are Still Offering $300 LWA Unemployment Benefits Boost
Unemployment Benefits Boost Calculator: How Much Could You Receive?
The Ripple Effect of the Unemployment Benefit Expiration
The fallout won’t be limited to consumer spending
Wall Street May Not Be Immune to Financial Shock This Time
The Timing of Federal Unemployment Benefits Expiration Couldn’t be Worse
Final Thoughts

Content: For higher income workers, the percentage is substantially lower. MORE FROM FORBES ADVISOR
These 31 States Are Still Offering $300 LWA Unemployment Benefits Boost
By
Brett Holzhauer
Forbes Staff
Unemployment Benefits Boost Calculator: How Much Could You Receive? By
Kelly Anne Smith
Forbes Staff
But when the $600 federal unemployment subsidy is added to that $333 average weekly state benefit, income rises to $933. That gives millions of households with unemployed workers a fighting chance. The sudden elimination of the federal benefit, should it happen, will have the exact opposite effect. Households that have thus far been successfully navigating the corona virus recession will suddenly find themselves dangling on the edge. The seemingly modest impact of the downturn that began in March will suddenly move into high gear, as tens of millions of households will have less disposable income – literally overnight. And with many millions of unemployed workers, the prospect of finding a well-paying full-time job to replace the enhanced unemployment benefits will be more difficult than it has been in an entire human lifetime. “With record cases of corona virus in the U.S. and states completely rethinking their re-opening strategies, including the possibility of shutting down again, the prospects of lingering double-digit unemployment are palpable,” writes Forbes Contributor, Shahar Ziv. “