End of supplemental unemployment could put many in dire financial straits

June 29, 2020

Millions of Americans, many getting by on low incomes before the coronavirus pandemic hit the U.S., are going to see their incomes drop markedly if Congress doesn’t extend a $600 supplemental unemployment income benefit past July 31. Many worry about a host of secured and non-secured loan defaults if legislation is not passed to give Americans financial support.

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