Close to 30 million Americans receive unemployment benefits, that’s about 18 billion dollars a week that funds the current unemployment program. Over the past few months Americans that qualify for unemployment have received an extra $600 in supplemental income. Should these additional benefits be continued? Unemployment aid accounts for 15% of our entire nation’s wages, which majorly impacts the economy as a whole. In fact, data suggests that unemployed Americans may be spending more than they did before the pandemic, while folks who maintained their jobs are spending less. This purchasing behavior can be attributed to a variety of reasons, one large factor being that those receiving the extra unemployment benefits are just now able to make a livable wage. So, where do we go from here? Chris speaks to multiple callers and hears their take. He discusses their thoughts regarding moving to an unemployment strategy that is balanced to fuel the economy, while still providing proper incentives for Americans to pursue employment.
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