The COVID-19 epidemic has taken a booming U.S. economy and ground it to a halt. Within just two weeks, 10 million Americans filed first-time claims for unemployment, dwarfing prior records and pulling the U.S. toward recession. While hopes remain high that the virus can be slowed or stopped and the economy can get back on track, millions of workers need assistance now. If you find yourself in this position, the recent $2 trillion CARES Act may provide some relief. Here’s a list of already-existing benefits that may help you if you find yourself unemployed, in addition to more benefits brought about by the CARES Act.
Last updated: April 12, 2020
1. Unemployment Checks
Unemployment insurance is a joint state-federal program that provides weekly checks to qualifying workers. You’ll be paid a percentage of your weekly income over the prior 52 weeks. Most states limit the duration of unemployment benefits to