What happens to unemployment benefits without a new stimulus?

The video discusses the expiration of federal benefits on December 31st, highlighting the uncertainty surrounding unemployment benefits and the CARES Act. It explains the impact on unemployment benefits, student loans, and payroll taxes, urging viewers to plan financially for 2021. The video advises on budgeting and asset management while keeping an eye on potential future stimulus legislation.

What changes occurred regarding federal student loans due to the CARES Act?

What are the potential consequences of the payroll tax deferral issued by the Trump administration?