GREY:NEVDQ - Post by User
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bogfiton Oct 17, 2020 9:36am
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I'm Still Unemployed': Millions In Dire Situation
I'm Still Unemployed': Millions In Dire Situation "Researchers at JPMorgan Chase Institute, in collaboration with the University of Chicago, found many of the unemployed managed to sock away extra money between March and July while the government was spending freely to cushion the downturn. Median family savings roughly doubled during that period.
But the researchers found that the jobless started to drain their savings in August, burning through roughly two-thirds of the money they'd squirreled away during the four previous months.
"The cushion has worn thin, and we haven't yet regained all the jobs that we lost," said Fiona Greig, director of consumer research for the JPMorgan Chase Institute. "This is a critical time for jobless workers."
https://www.npr.org/2020/10/17/924682991/i-m-still-unemployed-millions-in-dire-situation-as-savings-start-to-run-out
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