Trump Assures a Second Stimulus Check Is Coming: Here's What to Expect
What a year it's been -- and it's not even July.
While you're probably tired of hearing the coronavirus disease 2019 (COVID-19) pandemic described as "unprecedented" or "challenging," this is exactly what it's been like for the typical working American. In four months, the U.S. unemployment rate soared from a 50-year low of 3.5% to levels (13.3% in June) that haven't been seen since the Great Depression, nearly nine decades ago. Even after record May retail sales growth, more than 20.5 million people are still receiving unemployment benefits, as of June 18. For context, only 1.7 million people were receiving unemployment benefits at the end of February.
It's been an unprecedented and challenging time for many Americans, which is why Congress passed, and President Trump signed, the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law on March 27.
Source Fool.com
