About 9 million people are set to exhaust unemployment benefits at the end of this year. What happens to spending at exhaustion?
tldr:
1) people don’t prepare for exhaustion
2) cut spending a lot at exhaustion
3) including on groceries and medical— Peter Ganong (@p_ganong) December 14, 2020
And it is not over yet.. more shutdowns are coming https://t.co/KPZ8GEzpsi
— Alessio (@AlessioTMAD) December 15, 2020