Americans are guaranteed to lose the weekly subsidy, at least temporarily, after Friday. The Senate adjourned for the weekend without an agreement to extend or replace it after July 31.
Given the scale of the problem, with roughly 30 million Americans collecting unemployment benefits, it’s likely lawmakers will pass some sort of additional aid, according to experts.
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“It’s more a question of how much it will be and how long it will take,” said Till von Wachter, an economics professor at the University of California, Los Angeles and director of the California Policy Lab.
Absent a federal supplement, the average American would get about $321 a week from state unemployment programs — less than half of prior earnings.
Article source: https://www.cnbc.com/2020/07/31/the-600-unemployment-boost-has-ended-whats-next.html