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How Much Good Did the $600 Unemployment Bonus Really Do?

The $600 unemployment bonus initiated during the COVID-19 pandemic has been contentious. While some argue it discouraged workers from returning to their jobs, others say the $600 was necessary and that those who are now without it are feeling a severe financial pinch. How much help did the bonus really provide, and what should those who were counting on the funds do now? Remember, the news is constantly evolving as states are independently assessing the value of additional bonuses. If you are dependent on these funds, it would be wise to stay up to date on developments in states’ policies, as some jurisdictions are providing an extra $300 to $400 of weekly unemployment benefits. Here’s everything you need to know about the success of the program and how to find more money for daily expenses if you’re out of work. What was the goal of the bonus? To help with the economic fallout of the COVID-19 pandemic, the Coronavirus Aid, Relief and Economic Security Act, also known as the CARES...


Sep 2, 2020