12 Million Americans Set To Lose Unemployment Benefits By Year’s End

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About 12 million Americans will lose unemployment benefits in December when CARES Act provisions lapse, absent an extension, according to a new analysis.

Unemployment benefits will terminate for more than half of current recipients at the end of the year, coinciding with a lapse in federal protections for renters and a resumption in student loan payments.

That intersection may spell financial catastrophe for jobless workers without action from Congress or the White House, according to economists.

Read more at CNBC.

{Matzav.com}

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