Fragile safety net leaves U.S. economy vulnerable to coronavirus hit

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Fragile safety net leaves U.S. economy vulnerable to coronavirus hit GlobeBusiness

. Two days’ worth of pay can equal one month’s worth of gas, making it harder for workers to get to their jobs, the Economic Policy Institute in WashingtonA household can lose its entire monthly rent or mortgage payment if one of its two full-time workers is out for seven and a half days, according to the centre.

One-quarter of Americans say that they or a family member put off treating a serious medical condition in the past year because of the cost, according to a Gallup survey conducted last year. These workers should be eligible to file for unemployment benefits, but they may face delays with payments and find programs that are less generous than they were before the 2007-2009 Great Recession.

Most states require consumers to wait at least a week before they can receive unemployment benefits, said Michele Evermore, a senior policy analyst at the National Employment Law Project’s office in Washington.

 

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