Without stimulus checks or child tax credit payments, many Americans can’t afford emergency expenses. One work benefit could help address that

cnbc vis msn ^ | 4/18/2022 | Lorie Konis

[RomanSoldier19]

The onset of the Covid-19 pandemic prompted a financial emergency for many Americans living paycheck to paycheck. Two years later, a similar event would still wreck budgets, a poll finds. Programs to let workers save through employer-provided emergency savings accounts could encourage workers to set aside more cash for unforeseen events.

When the Covid-19 pandemic hit, many Americans felt the financial shock of a sudden drop in income.

If the same kind of event were to happen today, many people would still struggle financially, according to a poll conducted by the Bipartisan Policy Center, Funding Our Future coalition and Morning Consult.

What's more, the stopgaps provided by the government — namely stimulus checks and monthly child tax credit payments — are no longer available to help curb financial distress.

But one solution — emergency savings plans provided through employers — could help, according to the report.

[RomanSoldier19]

[Marko413]

Have a friend that manages a steakhouse and said with every stimulus check, their doors were packed with people coming in for steak dinners. Yah... so many people are dying for those emergency funds.

[ClearCase_guy]

I think these geniuses are re-inventing the payroll savings plan.

[NWFree]

Without stimulus checks Americans wouldn’t have to deal with hyperinflation 🤪

[RomanSoldier19]

[cyclotic]

It’s amazing how when one lives within their means they can weather many storms.

For the record we’ve weathered two long six month times of joblessness.

[Retain Mike]

I have been tracking this virus for about two years now using an Excel spreadsheet. As of February 22 this year virus deaths per million for the megalopolis found in the combined states of Massachusetts, New Jersey, New York, Rhode Island, and Connecticut was twice that of Sweden, which has a similar disproportion in population makeup between urban and rural. For all of the US it is 41% less. You can verify this information by using the John Hopkin’s site and latest population figures.

Since Sweden did mostly nothing, don’t we now have verification that the elite bureaucrats in this country that drove this country into poverty were at least not very bright? However, they probably all got good grades and chose to behave with arrogance, willful ignorance, and malevolence.

Without government stupidity we would not need government subsidies to placate people's lives disrupted. Now we can look forward to the expected stupid government solutions to deal with the impending inflation.

[oldasrocks]

HELP! I’ve been jobless for 20 yrs.

[Penelope Dreadful]

Or not. Trillions ($9 trillion) have been pumped into the economy after 2008 as opposed to letting the banks and gamblers fail. Then, the interest rates were kept low. That would be my guess for what spurred most of what we are seeing, instead of the $3 trillion or so stimulus.

I mean like one person said, stimulus checks went to local businesses for steak dinners and diapers and food and TV sets. That replaced what the businesses lost, whereas the financial stimulus during Obama’s years was money on top of what was there.

That had to catch up sometime, and exponents etc.

[Organic Panic]

I suppose people could get jobs.

[Organic Panic]

I was an idiot starting a business and living on savings since the idiot governor shuttered my customers. 10 years of work flushed down the drain. I could have organized my life to live on welfare eating steak dinners once a month when the ebt card got refueled.

[Adder]

The return of the Christmas Fund or payroll savings plans.

So many peeps do digital...how hard is it to draft bucks to savings per paycheck?

[Flick Lives]

Without government stupidity we would not need government subsidies to placate people’s lives disrupted. Now we can look forward to the expected stupid government solutions to deal with the impending inflation.

—

Reminds me of an ex employee whose work consisted of fixing the smoking disasters he created.

[Theoria]

America is full of unhealthy people. Obesity, diabetes, lack of physical movement, poor diet choices, etc. Whenever someone wants to compare America to the world, they need to understand how much ‘we’ basically kills ourselves with forks and spoons everyday.

[DannyTN]

I pray God restores your finances.

On the bright side, you didn’t marry Amber Heard. So you have that going for you.

[dakine]

Piker...

[dragnet2]

How did the manager know they were paid for by stimulus checks?

[Graybeard58]

HELP! I’ve been jobless for 20 yrs.

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Since Nov. 1999 for me.

I sucked up a gov. check every month from July 1963-July 1967

Then I got an honorable discharge and those gov. checks stopped!

[madison10]

Timing.

[dragnet2]

In other words he had no clue how anyone was paying.