Earlier quoted context omitted.
The US paid a lot more than the $1200, in the form of unemployment supplements. $600 a week at the beginning of the pandemic through July and then $300 a week this year, in addition to a second $2000 payment that went out to more than furloughed or unemployed people.
These numbers don't mean much on their own. Sure, if you live with mom and pop and you got laid off from a job and had a place to fall back onto, yippee If you live in pretty much any major city and you're the breadwinner then it doesn't cover rent/mortgage. We froze foreclosures, so there are estimated millions pending. Unemployment is still in pre-pandemic numbers - all though improving. I think our reliance on "jo…
That easily covered their mortgage and their lifestyle, even in this expensive city, and was in no way sustainable. They had no interest in looking for work while they were receiving those benefits, but now that the benefits are disappearing they've started looking for work again.