Another relief/stimulus bill was finally signed at the end of 2020. The first week of January I received a direct deposit from the IRS $600 for each person in our house, $2,400 total. There may be a third such bill coming some time in the next couple of months.
UChicago/Notre Dame economists found that the US’s weird experiment with a massive relief bill that was then allowed to expire during the pandemic had some interesting effects. Poverty decreased by 1.5% in the first phase of the pandemic, then increased by 2.4% from June to December 2020.
8 million people pushed into poverty between June and December as federal aid expired -- almost double the largest annual increase in poverty since the 1960s, UChicago/Notre Dame economists sayhttps://t.co/0VEHAZvyQW— Jeff Stein (@JStein_WaPo) January 25, 2021