CARES Act, stimulus checks have saved 12 million from poverty, boosted economy - Business Insider

Millions of Americans remain out of work due to the pandemic. But a wave of federal assistance through unemployment benefits and stimulus checks has kept many afloat and out of poverty."You give lower income people money and they're spending all of it, which is the biggest economic boost," Amanda Fischer, policy director at the Washington Center for Equitable Growth, told Business Insider.

Still, despite the lack of future clarity, experts say the assistance that's already been provided has offered struggling families a financial cushion amid an extraordinary blend of public health and economic crises.the government intervention helped keep around 12 million people out of poverty, and many jobless workers saw their incomes increase during the pandemic.

"You give lower income people money and they're spending all of it, which is the biggest economic boost," Amanda Fischer, policy director at the Washington Center for Equitable Growth, told Business Insider. Experts warn that cutting unemployment aid could lead to sharp reductions of spending that props up the economy

Free money taken out of the Federal budget.don’t we have to balance that out or are we returning to Obama spending again?

Money is never free...somebody ultimately has to pay for it...aka working taxpayers.

Poverty is expensive af. Not just for those living in it, but the economy as a whole. It only makes sense to raise the floor for all and provide a UBI.

There is no such thing as 'free money'. Our grandchildren and theirs will be paying on this debt for decades. Sadly, too many people are becoming dependent on the federal government. We should be dependent on our own abilities and our friends and family.

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