1. Emergency economic measures that where put into place to support financially American people through pandemic, are slowly slowly disappear and will be equal to zero approximate the above dates.
2. Economic activities fallen drastically with result 100,000 business to shut down, and more than 45 million people, stay without jobs only in 2020. Comparing with 2019, unemployment's increase, from 19,3% that it was on 2019, to 27,8% and we are yet in June.
3. List of economic measures that soon will get cut :
a. Evictions temporary banned almost in all the states.
b. Most Federal Students loan payments, have been put on hold, removing one of the largest recurring monthly expenses that many people face.
c. Banks asked to give a postponed to people, to pay their loans, at least for six months period. One of the most profitable categories for banks, at least for six months will not exist.
d. Government sends and has to send about 159 millions, stimulus payments for each adult ($1,200.00 per person, mostly for those they have kids).
e. More than 20 million unemployment, become eligible to receive $600.00 A WEEK, in federal unemployment benefits.
f. Based on Bloomberg, this is the largest monthly increasing in household incomes EVER.
With more simple and short words we have the following :
1. July 25th - Evictions resume for federally backed mortgages (around 25% of total mortgages)
2. July 31st - $600 Federal unemployment bonus ends
3. Early October - Student loan payments resume
4. Late October - Mortgage payments resume
5. A second stimulus check, if approved, is almost certainly not going to be received by July 31st to counter these effects
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1. Emergency economic measures that where put into place to support financially American people through pandemic, are slowly slowly disappear and will be equal to zero approximate the above dates.
2. Economic activities fallen drastically with result 100,000 business to shut down, and more than 45 million people, stay without jobs only in 2020. Comparing with 2019, unemployment's increase, from 19,3% that it was on 2019, to 27,8% and we are yet in June.
3. List of economic measures that soon will get cut :
a. Evictions temporary banned almost in all the states.
b. Most Federal Students loan payments, have been put on hold, removing one of the largest recurring monthly expenses that many people face.
c. Banks asked to give a postponed to people, to pay their loans, at least for six months period. One of the most profitable categories for banks, at least for six months will not exist.
d. Government sends and has to send about 159 millions, stimulus payments for each adult ($1,200.00 per person, mostly for those they have kids).
e. More than 20 million unemployment, become eligible to receive $600.00 A WEEK, in federal unemployment benefits.
f. Based on Bloomberg, this is the largest monthly increasing in household incomes EVER.
With more simple and short words we have the following :
1. July 25th - Evictions resume for federally backed mortgages (around 25% of total mortgages)
2. July 31st - $600 Federal unemployment bonus ends
3. Early October - Student loan payments resume
4. Late October - Mortgage payments resume
5. A second stimulus check, if approved, is almost certainly not going to be received by July 31st to counter these effects
Worsted are coming. Be Aware...