The CARES ACT and Poverty in the COVID-19 Crisis: Promises and Pitfalls of the Recovery Rebates and Expanded Unemployment Benefits

Zachary Parolin (), Megan Curran and Christopher Wimer
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Megan Curran: Columbia University
Christopher Wimer: Columbia University

No 2048, Poverty and Social Policy Brief from Center on Poverty and Social Policy, Columbia University

Abstract: In response to rapidly rising unemployment rates, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which included nearly $500 billion in direct income transfers for families across the country. In this brief, we apply new forecasting methods to project the effect of the CARES Act’s income transfers on poverty rates using the Supplemental Poverty Measure (SPM) framework. In response to rapidly rising unemployment rates, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which included nearly $500 billion in direct income transfers for families across the country. In this brief, we apply new forecasting methods to project the effect of the CARES Act’s income transfers on poverty rates using the Supplemental Poverty Measure (SPM) framework.

Keywords: poverty; COVID-19; social policy; SPM (search for similar items in EconPapers)
Pages: 18 pages
Date: 2020-06
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:aji:briefs:2048

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