Financial instability fell by 45% from December 2020 to April 2021, according to a new paper by Poverty Solutions at the University of Michigan. Additionally, food insufficiency decreased over 40% and mental health symptoms dropped by 20%.
“Following the December COVID Relief bill and then again from the American Rescue Plan passed in March, you see dramatic declines in material hardship experienced by U.S. households,” Patrick Cooney, a professor at the University of Michigan who co-authored the study with Luke Shaefer, told Yahoo Finance Live (video above). “Just an amazing and dramatic sign that stimulus checks and expanded unemployment insurance are doing an awful long way to support U.S. households in the pandemic.” TO READ MORE, CLICK HERE...
Personally... the stimulus checks did not help me or my family at all... in fact, we saved our stimulus checks and continued to live off our social security incomes... hOWEVER, I AM SURE THAT THERE ARE PLENTY OF FAMILIES THAT BENEFITTED GREATLY FROM THESE STIMULUS CHECKS AS WITHOUT THEM THEY WOULD HAVE HAD NO INCOME AT ALL... SO, TO COMPARE US TO OTHER PEOPLE NOT ON SOCIAL SECURITY IS LIKE COMPARING APPLES TO ORANGES.
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