Stimulus Package and Unemployment Benefits

The video discusses the personal relief of a negative COVID-19 test and the broader economic impact of the pandemic, including rising unemployment rates. It explains the $2 trillion stimulus package, highlighting direct payments to individuals and expanded unemployment benefits. The video also outlines eligibility for these benefits and the temporary nature of the relief measures. It concludes with a note on future topics related to the stimulus package.

What was the record number of Americans filing for unemployment as of March 21st?

• 3.3 million

• 695,000

• 1.5 million

• 2.1 million

What is the primary goal of the $2 trillion stimulus package passed by Congress?

• To reduce taxes for large corporations

• To provide financial support to Americans during the pandemic

• To encourage businesses to hire more employees

• To increase government spending on infrastructure

Who is eligible to receive a $1,200 check from the stimulus package?

• Anyone with a social security number

• Residents earning less than $75,000 last year

• All United States residents

• Only those who filed taxes in 2019

What is the maximum income for individuals to receive any amount from the stimulus check?

• $75,000

• $150,000

• $120,000

• $99,000

How long is the additional $600 per week in unemployment benefits available?

• Until the end of the year

• Indefinitely

• For four months

• For six months

Who can now apply for unemployment insurance under the expanded bill?

• Only those who have been employed for over a year

• Only those who lost jobs due to company closure

• Freelancers and gig-economy workers

• Only full-time W2 workers

What is the maximum weekly unemployment benefit in Texas before the federal increase?

• $900

• $600

• $454

• $300

What is the purpose of the temporary life raft provided by the stimulus bill?

• To increase government revenue

• To eliminate unemployment

• To buy time for Americans to adjust financially

• To permanently solve the economic crisis

What additional measures are included in the stimulus bill besides direct payments and unemployment benefits?

• Student loan suspensions and business loans

• Tax increases for the wealthy

• Healthcare cuts

• Mandatory business closures

What should individuals do if their income has been impacted by the pandemic?

• Invest in the stock market

• Seek a seat on Uncle Sam’s life raft

• Apply for a loan

• Wait for the economy to recover