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Unemployment Insurance (UI) was a critical part of the federal government’s response to the recession caused by the coronavirus (COVID-19) pandemic.
Although the costliest measures are anticipated to contribute the most to the economy, CBO found those measures are not necessarily expected to provide the most bang for the buck.
In its annual report on income and poverty, the U.S. Census Bureau publishes data on national economic measures such as household income, earnings, wealth, employment, and poverty.
https://www.pgpf.org/blog/2021/12/poverty-rate-increased-for-the-first-time-in-five-years
Income levels for Americans vary across geography, race, and gender.
https://www.pgpf.org/blog/2021/11/income-and-wealth-in-the-united-states-an-overview-of-data
Average income among households in the lowest fifth of the income distribution was $21,000, while income for households in the highest fifth averaged $291,000.
There were 531,000 jobs added in October, as the unemployment rate declined for the fourth consecutive month. However, the unemployment rate remains high, especially for non-white workers. Get the facts here.
https://www.pgpf.org/blog/2021/11/the-labor-market-recovery-continued-in-october
The economy continued to grow in the third quarter of 2021, but at a slightly slower pace than previous quarters due to the delta variant of COVID-19.
Housing insecurity is an ongoing issue for millions of American families. COVID-19 and its economic impact exacerbated an existing shortage of affordable housing that far predated the pandemic.
Democratic leaders this week for the first time revealed specific details for how they intend to pay for, or offset, the approximately $3.5 trillion of spending in their reconciliation bill.
https://www.pgpf.org/blog/2021/10/heres-how-democrats-would-pay-for-their-new-spending-proposals
Proposals such as a regulatory restructuring of repayment plans and cancellation of student debt through personal bankruptcy or other means have been offered as reforms to address the growing student debt burden.
https://www.pgpf.org/blog/2021/10/how-does-student-debt-affect-the-economy