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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

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