Title: $600 Federal Unemployment Checks To Be Extended?
Headings: $600 Federal Unemployment Checks To Be Extended?
More From Forbes
$600 Federal Unemployment Checks To Be Extended?
Why the Federal Unemployment Supplement is So Important
How Big Will The Raise For Social Security Recipients Be In 2022?
Biden Administration Will Review Income Based Repayment, Student Loan Forgiveness Programs
Biden Drops Student Loan Forgiveness From Latest Budget
The Case Against Extending Federal Unemployment Benefits
The Case For Extending the Federal Unemployment Benefit
Continued improvement in employment may be hard to come by
Current Proposals to Keep Federal Unemployment Checks Coming
Final Thoughts

Content: The increase in personal income in April primarily reflected an increase in government social benefits to persons as payments were made to individuals from federal economic recovery programs in response to the COVID-19 pandemic…” Those recovery programs were a combination of the $1,200 per person stimulus checks, and the beginning of $600 weekly federal unemployment benefits. Personal income fell by 4.2% in May, however spending rebounded by 8.2%. The increase in spending was largely the result of the gradual reopening of the economy during the month. And despite the drop in personal income, there’s little doubt the spending increase was at least partially fueled by enhanced federal unemployment benefits. Put another way, the economic impact of the coronavirus and the shutdown it brought about would’ve been much more painful without federal unemployment benefits. That raises the all-important question: what happens when federal unemployment checks stop going out? The Case Against Extending Federal Unemployment Benefits
Despite the lack of action to extend federal unemployment benefits beyond the July 31 deadline, lawmakers are already taking up sides. And while there are compelling arguments in favor of an extension – even a significant one – there are concerns the program may have overshot the mark. One of the arguments against extending federal unemployment benefits is that they’ve been too generous.