COVID-19 has caused businesses across the country to start downsizing drastically – the amount of people being laid-off or put on furlough quickly surpassed 30 million, nearly 18% of the total workforce, after COVID-19 hit.
In order to help people put bread on the table and pay the bills, the Coronavirus Aid, Relief, and Economic Security Act, or CARES, was passed on March 27, 2020, and gave a $2.2 trillion stimulus to a wide range of different stimulus programs for both individuals and businesses.
To try to help more people during COVID-19, the restrictions to gain access to these relief funds have been loosened, extending to many more than before. Nontraditional workers such as freelancers, gig workers, and self-employed workers, as well as those who quit due to COVID-19 have been granted access to this stimulus.
Learn more about how to obtain unemployment benefits and how to best put that money to use here.