Another $484 billion has been approved for U.S. coronavirus relief, with the lion's share going to a fund for small businesses. But unemployment continues to mount: With 4.4 million new claims last week, the total since lockdowns started surged to a record 26 million. Recent estimates suggest 11 percent of the workforce has successfully filed for unemployment, wiping out all the job gains made since the 2008 financial crisis last plunged the country into recession. If trends continue, analysts predict, less than half of working-age Americans will be drawing wages in May.
Check out OZY's list of suggested ways to spend stimulus money.