What Happens to the Unemployed When the Checks Run Out

Author: Leigh Lynes

Poverty, which actually declined in the first months of the pandemic — reflecting the extraordinary relief offered by the CARES Act through the spring and early summer — has snapped back with a vengeance. According to estimates by Bruce D. Meyer of the University of Chicago, James X. Sullivan [LEO co-founder] of the University of Notre Dame and Jeehoon Han of Zhejiang University, 11.4 percent of Americans subsisted with incomes below the official poverty line by October, up from 9.3 percent in June.

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