unemployment benefits allowed _老虎社区_美港股上老虎

2020-12-17

unemployment benefits allowed lower-income Americans to increase their checking-account balances by 65% year-on-year in April.

Americans are draining their checking accounts as stimulus talks drag on

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As a result, personal incomes could see a roughly&nbsp;$226 million drop.</p>\n<p>The proposal also calls forfederal add-on paymenton top of state jobless checks revived at $300 a week. As it stands, the proposal does not include a second round of direct stimulus-check payments, but that may change as lawmakers finalize a deal, Politicoreported.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Americans are draining their checking accounts as stimulus talks drag on</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmericans are draining their checking accounts as stimulus talks drag on\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-12-17 11:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/americans-are-draining-their-checking-accounts-as-stimulus-talks-drag-on-11608138440?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Direct stimulus checks and enhanced unemployment benefits allowed lower-income Americans to increase their checking-account balances by 65% year-on-year in April.\nAmericans checking-account balances ...</p>\n\n<a href=\"https://www.marketwatch.com/story/americans-are-draining-their-checking-accounts-as-stimulus-talks-drag-on-11608138440?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/americans-are-draining-their-checking-accounts-as-stimulus-talks-drag-on-11608138440?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158815007","content_text":"Direct stimulus checks and enhanced unemployment benefits allowed lower-income Americans to increase their checking-account balances by 65% year-on-year in April.\nAmericans checking-account balances are sharply declining as they await progress on continued stimulus talks between lawmakers.\nAs a result of the enhanced unemployment benefits and direct stimulus checks, both part of the CARES Act, Americans’ median checking-account balances increased by 65% on the year in April, according to a JPMorgan Chase InstituteJPM,+0.29%report published on Wednesday.\nBy September, Americans drew out 50% of the initial balance gains in April, the report, which analyzed 1.8 million families’ Chase personal checking accounts found.\nThe fall in checking-account balances signifies that “the ‘typical’ family is spending down the cash buffer they accumulated during COVID-19,” the report said.\nLow-income households experienced the largest year-over-year percentage increase in median checking account balances in April (50%), compared to higher-income Americans who experienced a 35% increase in balances.\nIn contrast, by the end of October, “the highest earners had lost 38% of their gains relative to the prior year, while the lowest earners had lost 64% of their gains,” the report states.\n\nThe reversal can be explained by the fact that “low-income families experienced the greatest job losses and saw the largest proportional increase in unemployment benefits as a result of the $600 weekly benefit supplement under the CARES Act,” the report states. “As a result, many low-income families received more in unemployment benefits through the end of July than their pre-job-loss earning.”\nA bipartisan stimulus package proposal that was unveiled shortly after Thanksgiving, if passed, would extend all pandemic unemployment insurance programs for 16-weeks.\nAbsent of any legislative action before Dec. 26, gig workers, independent contractors and self-employed Americans will become ineligible for unemployment benefits. In total, some12 million Americanswould stop receiving unemployment benefits, according to research by the liberal-leaning Century Foundation. As a result, personal incomes could see a roughly $226 million drop.\nThe proposal also calls forfederal add-on paymenton top of state jobless checks revived at $300 a week. As it stands, the proposal does not include a second round of direct stimulus-check payments, but that may change as lawmakers finalize a deal, Politicoreported.","news_type":1},"isVote":1,"tweetType":1,"viewCount":515,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":112,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/397391258"}