A $600-a-week supplement to unemployment benefits leaves millions of Americans without enough cash flow to pay bills in August.
, who are less likely to have built up a savings stockpile to weather the current climate, Leer said.And it would be hard to make ends meet simply by adjusting a budget — dining out less and buying less clothing, for example — since survey respondents indicated it was the cost of essentials like rent and food, not extraneous items, that was out of reach, Leer said.
"I'm not talking about luxuries and going on vacation," Leer said. "Your car payment is still your car payment.It's likely the survey's indication of financial hardship is understated, Leer said, since it only looks at those who are collecting unemployment insurance. Millions of Americans may be out of work but not collecting unemployment benefits.
Lawmakers are currently negotiating another federal financial relief package, including whether to extend, replace or eliminate the $600-a-week unemployment boost. Democrats want to continue the payments through early next year or phase down aid as the unemployment rate falls. Republicans proposed lowering weekly aid to $200 a week, eventually transitioning to a system that replaces up to 70% of lost wages.
The Morning Consult survey polled a representative sample of 2,200 U.S. adults, weighted to match age, gender, educational attainment and region. It was conducted between July 23 and 25 and has a margin of error of 2 percentage points.
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