ABSTRACT

COVID-19 Pandemic is Straining Families' Abilities to Afford Basic Needs   [open pdf - 275KB]

From the Document: "As it confronts the COVID-19 [coronavirus disease 2019] pandemic, the US faces what could be its worst economic crisis since the Great Depression. The social distancing measures needed to slow transmission of the novel coronavirus have already taken a staggering economic toll, with over 26 million unemployment insurance claims filed between March 15 and April 18. To combat the crisis, federal policymakers have passed four major relief bills to date, including the $2 trillion CARES [Coronavirus Aid, Relief, and Economic Security] Act, which includes enhanced benefits and expanded eligibility for unemployment insurance, forgivable small-business loans, economic relief payments sent directly to most US households, aid to state and local governments, and increased funding for housing assistance and other safety net programs. A successful government response to the economic consequences of the pandemic is critical for sustaining families' health and well-being and allowing families to remain housed as major sectors of the economy remain closed."

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Date:
2020-04
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2020 Urban Institute. Posted here with permission. Documents are for personal use only and not for commercial profit.
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Urban Institute: https://www.urban.org/
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pdf
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application/pdf
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