BUSINESS
With over 35 million people filing for unemployment since March, $1,200 stimulus checks are only a Band-Aid for Americans
BUSINESS

With over 35 million people filing for unemployment since March, $1,200 stimulus checks are only a Band-Aid for Americans

Published: May 23, 2020  |  4 min read, 736 words
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More than 130 million stimulus checks are already winding their way to millions of Americans. They’re a key part of the government’s $2.2 trillion CARES Act, but furloughed and laid-off workers say a maximum $1,200 payment is not nearly enough to see them through what could be an even bigger economic crisis than the Great Recession.Approximately 2.4 million unemployed Americans using the traditional method of reporting initial claims, but the real number was almost 1 million higher if applicants made eligible through a new federal relief program are included. Some 35.5 million people have... READ MORE
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