View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
August 20, 2020

Why millions face poverty in US

By Paul Dennis

20 August

Both unemployment benefits and direct payments are essential to support people until the pandemic is controlled.

Fabio Ghironi, a professor of economics at University of Washington, shared an article on the importance of unemployment benefits and direct payments to keep millions of people out of poverty.

More than 72 million people have been unemployed in the US and unemployment benefits along with direct payments of $1,200 have helped these people to make ends meet.

However, some of the unemployed people have not been able to receive unemployment benefits despite applying weeks in advance.

The article notes that the next stimulus package should ensure unemployment benefits along with direct payments until the pandemic is under control.

Direct payments will help in keeping approximately eight million people out of poverty and further direct payments will help 18 million people.

Read more

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU