Millions Of Americans Face Financial Crisis As CARES Act Dries Up

The video discusses the looming expiration of unemployment benefits for gig workers and others, highlighting the potential economic impact if Congress does not act. It shares the story of Joss, a rideshare driver affected by COVID-19, who transitioned to remote work. The video also covers the details of unemployment assistance programs and the economic risks posed by rising COVID-19 cases. It concludes with the potential passage of a relief bill to extend unemployment benefits.

What is the potential economic impact if Congress does not act on unemployment benefits?

• No change in supply and demand

• An increase in supply and a decrease in demand

• A decrease in both supply and demand

• An increase in demand and a decrease in supply

Why did Joss, a rideshare driver, go on unemployment?

• She had a medical condition that made her vulnerable to COVID-19

• She lost her job due to company downsizing

• She wanted to pursue a different career

• She moved to a different city

How many people are on pandemic unemployment assistance?

• 15 million

• 12 million

• 8.8 million

• 4.5 million

What is the value of the relief bill that seems most likely to pass?

• $500 billion

• $750 billion

• $908 billion

• $1 trillion

What positive development occurred for Joss nearly nine months later?

• She started her own business

• She started a new job remotely

• She returned to her rideshare job

• She moved to a new city