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'I'm too old to find a new career': More than half of Americans fear job losses
Aug 07, 2020 1 min, 41 secs

About 54% of Americans fear they may lose their job due to the pandemic, new Harris Poll data shows.

And 82% say the expiration of the unemployment bonus will hurt the economy?

'Insulin or groceries': How reduced unemployment affects struggling Americans from California to Mississippi.

But that expired. Now, about 82% of Americans believe the expiration of the  $600 unemployment bonus will have an adverse effect on the U.S.

economy, and more than two thirds think economic growth will be a lot worse in the months to come, according to a Harris Poll survey conducted from July 31 to Aug.

“It’s clear that the unemployment benefits are a lifeline for Americans and the economy,” says John Gerzema, CEO of The Harris Poll.

“If they don't get relief, Americans see this as a tipping point that could spell more trouble for their personal finances.”.

Angst among jobless Americans has grown as Republicans and Democrats continue to spar over what would be a fifth round of emergency stimulus funding to help counter the effects of the pandemic.

Republicans and Democrats remain far apart on many issues at the heart of the next package, one of the biggest being the $600 boost to unemployment, which Democrats want to extend until at least January.

President Donald Trump has split with some of his GOP allies and softened his opposition to an extension of the $600 boost, threatening to take executive action if a deal isn't reached with Democrats on a new relief package

About 54% of Americans fear they may lose their job due to the coronavirus outbreak, Harris Poll data shows

There’s been a shift in priorities and personal finances for Americans, who are twice as likely to prefer cleaning and sanitizing their home (50%) than to review personal finances and investments, such as a 401(k) retirement savings account (25%), according to a recent report from Voya Financial, a retirement and insurance plan provider. 

The labor-market recovery has reached a critical juncture, economists say, with millions of workers at risk of prolonged unemployment just as the emergency unemployment benefits expire. 

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