The report sheds light on the evolution of family finances after the onset of the pandemic, the associated economic disruptions, and the likely effects of the economic support from the CARES Act.
All respondents to the July survey also completed the previous survey in October 2019, creating the unique opportunity to observe how financial well-being compared for the same individuals before and after the start of the pandemic and the ensuing recession.
In this video, Dr. Chhoda focuses on the unemployment benefits and the subsequent impact of spending power from October 2019 to July 2020.
TABLE OF CONTENTS
0:00 Economic well being of US households (NEW)
1:00 Impact of CARES Act related financial assistance for families across the country
6:00 Financial security provided by the economic support
8:42 MORE individuals could come up with $400 in cash for an emergency in July 2020 relative to October 2019
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