Slashing extra federal unemployment benefits to $200 per week would lead to a 28% drop in consumer spending, study finds
Published
· If extra federal unemployment insurance is cut to $200 per week, consumer spending will slump 28%, according to a study released Monday from the National Bureau of Economic Research.
· Consumer spending would drop 12% if the extra unemployment benefit is slashed to $400 per week, the study found.
· The study comes as...