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Despite Payment Freeze, Pandemic Worsened Financial Hardships for Millions in Student Debt

Despite Payment Freeze, Pandemic Worsened Financial Hardships for Millions in Student Debt
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How Much Did The CARES Act Help Households Stay Afloat?

How Much Did The CARES Act Help Households Stay Afloat?
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Federal Reserve Bank of San Francisco | How Much Did the CARES Act Help Households Stay Afloat?

Federal Reserve Bank of San Francisco | How Much Did the CARES Act Help Households Stay Afloat?
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Executive Summary: A Frayed and Fragmented System of Supports for Low-Income Adults Without Minor Children

Eligibility for some programs is limited to people who are unable to work, and some programs’ definitions of disability do not account for certain physical, mental, or other health conditions that limit the kind or amount of work an individual can do. In some programs, eligibility for non-elderly people who aren’t employed is limited to people receiving SSI or SSDI. But SSI
[12] have arduous (and lengthy) disability determination processes, and many people with disabilities don’t receive those benefits. Of the more than 46 million adults reporting a disability in 2014, only about 40 percent received cash assistance such as SSI or SSDI. ....

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