Direct Cash Payments in the Next Recession (The New School Institute on Race, Power and Political Economy)

Summary: Authors propose a new, nationwide program of monthly cash payments that would automatically begin when economic indicators signal a recession and continue until the national unemployment rate begins to decrease. Building upon the successful pandemic direct cash payments which dramatically decreased poverty, this policy would provide automatic, monthly payments to working-class families at the first sign of recession, staving off unemployment and stabilizing families and the American economy. The report outlines key design features of a timely, effective, and anti-racist automatic cash payments policy and provides estimates of its benefits for families by race and income.

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• Report: Direct Cash Payments in the Next Recession