The Missing $67 Billion in Unemployment Benefits, and Two More Numbers to Know

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The Missing $67 Billion in Unemployment Benefits, and Two More Numbers to Know
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Americans are wary of in person spending amid potential coronavirus reopenings. About a third of the money that should have been distributed to jobless...

29% of Americans Wary of Returning to Dine-In Restaurants According to a new survey, outright majorities of Americans are unlikely to go back to movie theaters, sports events, hotels, air travel, and public transit until at least three months have passed.

$67 Billion in Unemployment Benefits Is Missing in Action The figure the difference between how much Americans should have received in unemployment benefits since the coronavirus crisis began and how much they actually got, according to a new analysis from Bloomberg. About a third of the money that should have been distributed to jobless Americans hasn’t yet been disbursed.

Analysts who assume the amount of income support approved by Congress is sufficient may be surprised when it turns out administrative backlogs have prevented money from getting where it needs to go. The economy could fail to snap back the way they expect.

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