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Pandemic safety net shrinking as unemployment benefits expire for millions of Americans

Rick Rouan | USA TODAY | Sep 7th, 2021
Category: Financial News

As attention on Capitol Hill turns to permanent changes to the social safety net in the $3.5 trillion reconciliation bill, temporary provisions meant to help Americans weather the coronavirus pandemic are reaching their end.

Unemployment benefits for millions of Americans expired this week, just more than a month after a national eviction moratorium ended. Previous rounds of stimulus checks have been cashed. An expanded Child Tax Credit runs through the end of 2021.

All were part of the multi-trillion dollar effort to help stabilize households and the economy as jobless claims soared alongside the spread of COVID-19 over the last 18 months.

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