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||Policy Brief The unemployment benefit boost: Trends in spending and saving when the $600 supplement ended Diana Farrell, Peter Ganong, Fiona Greig, Max Liebeskind, Pascal Noel, Daniel Sullivan, Joseph Vavra October 2020 Unemployment benefits have taken on an unprecedented role in the U.S. economy during the COVID-19 pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed on March 27, 2020, expanded the scope of unemployment benefits in two ways. First, it authorized a $6||McKinsey||, policy brief the unemployment , benefits from the spending , unemployment benefit boost policy , unemployment benefits , checking account , unemployment , unemployment benefit boost , fiona greig , max liebeskind , daniel sullivan , august , jul aug unemployment benefits , jan feb mar apr , spendi||31-Jan-2021||auto-generated|
||WORKING PAPER NO. 2020-82 Initial Impacts of the Pandemic on Consumer Behavior: Evidence from Linked Income, Spending, and Savings Data Natalie Cox, Peter Ganong, Pascal Noel, Joseph Vavra, Arlene Wong, Diana Farrell, and Fiona Greig JULY 2020 5757 S. University Ave. Chicago, IL 60637 Main: 773.702.5599 bfi.uchicago.edu INITIAL IMPACTS OF THE PANDEMIC ON CONSUMER BEHAVIOR: EVIDENCE FROM LINKED INCOME, SPENDING, AND SAVINGS DATA* Natalie Cox, Princeton University Peter Ganong, University of Chica||McKinsey||, share of this spending , household in our data , changes in the distribution , payments and other income , savings for these households , spending went towards essential , level at which economic , quartile of the cps , spending and an increase , decline in their spending , quartile for the chase||31-Jan-2021||auto-generated|