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Sunday, 19 July 2020_An economic adviser to the campaign of US Democratic presidential nominee Joe Biden has warned of “eviction, homelessness, food insecurity” at the end of this month.
"Families are going to face high rates of eviction, homelessness, food insecurity, hunger," Indivar Dutta-Gupta said in an interview with NPR Friday, further stressing that Americans might soon have to battle income losses of up to 70 percent once a federal aid program expires.
“And the economy overall is going to see much slower progress in a recovery than otherwise.”
The co-executive director of Georgetown's Center on Poverty and Inequality made the comments amid fears that economic distress and social discontent might arise over fallout from the coronavirus pandemic.
"Families really need well over $600 a week," he said. "And even when you add in the state benefits, it's really grossly inadequate. There's just no way to afford the cost of housing, the cost of care-giving, the cost of food.”
As part of a package passed by US Congress, Americans unemployed due to the covid-19 pandemic receive payments of $600 per week but the program is set to expire on July 31.
“Overall demand in the country has shrunk dramatically and that will lead to further layoffs, further income losses," he said. "In just about a week and a half, we're going to see hundreds of billions of dollars in reductions in spending get underway because Congress has failed to act to date."
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