Building Hope: What CARES Economic Stimulus Payments Offer SSA Recipients
April 23, Noon to 1:00 pm
https://zoom.us/webinar/register/WN_MaWtcrdITZ6-dPc81v4-FQ
After registering, you will receive a confirmation email containing information about joining the webinar.
The recently approved Coronavirus Aid, Relief, and Economic Security Act (CARES) will quickly place Economic Impact Payments in the hands of Americans, including those who receive SSA payments. NYAPRS is pleased to join with our friends at the NYS Psychiatric Institute’s Center for Excellence in Cultural Competence to offer a very timely webinar that will provide the latest guidance for SSA recipients and providers and explore the connection between economic recession and its psychological impact. See below for more details:
Speakers:
Ray Cebula III, J.D,
K. Lisa Yang and Hock E. Tan Employment and Disability Institute ILR School, Cornell University
Oscar Jimenez-Solomon, Lic.Soc., MPH
Senior Research Staff Associate in the Department of Psychiatry
Columbia University Medical Center
Jessica Brooks, Assistant Director for Financial Counseling and Coaching Programs, New York City Office of Financial Empowerment
Moderator: Len Statham, NYAPRS Chief Operating Officer
Background
The COVID-19 pandemic is challenging the financial wellbeing of Americans in ways our country has not experienced in decades.
But the impact will not only be economic. The recession will also have an impact on our collective mental health. When financial hardship increases (e.g., unemployment, inability to meet basic needs, housing instability, food insecurity, inability to repay debts) the emotional wellness of individuals and communities also worsens. For many, financial hardship will lead to psychiatric distress, hopelessness, and even suicide. A second wave, the psychological impact of the economic crisis, is on its way.
One concrete way organizations and advocates can help is by supporting individuals to access the financial incentives and protections that many will be eligible for under the Coronavirus Aid, Relief and Economic Security (CARES) and Family Response Act, such as one-time economic impact payments (also available for SSI and SSDI recipients), eviction protections, and student loan moratoriums.
Some people will need help filing taxes or forms required by the IRS to access the stimulus checks. This will also be an opportunity for many to build savings and assets and receive financial counseling to manage debts.
This webinar will provide an overview of strategies to build financial hope at this time of uncertainty, access economic supports under the CARES Act and provide information about community-based resources to access financial counseling.