Investing.com investing.com 27 Dec, 2020 08:15 am

U.S. jobless benefit cut-off pushes millions to financial cliff-edge By Reuters

U.S. jobless benefit cut-off pushes millions to financial cliff-edge By Reuters
U.S. jobless benefit cut-off pushes millions to financial cliff-edge

She is one of roughly 14 million Americans whose emergency unemployment benefits, introduced by Congress when the pandemic took hold in March, ended on Saturday.As pandemic lockdowns hammered the economy in March, Congress rushed through emergency unemployment benefits as part of the $2 trillion CARES Act.Like Meyer, most people who are no longer eligible for federal unemployment benefits will be left with no income at all, as most states offer meager assistance, he said.Meyer, like others, has watched her benefits dwindle over the past six months after a CARES program that gave her $600 a week in supplemental jobless payments expired in July and she went on to exhaust her allowance of Pandemic Emergency Unemployment Compensation.

FILE PHOTO: Forgotten Harvest food bank distributes goods ahead of Christmas in Michigan p (Reuters) - When the U."It's the difference between whether we have enough groceries or not, whether I can pay my car insurance, whether I can have gas to go to a food bank," she said.

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