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Planet Money

How To Get Trillions To Millions

Planet Money

NPR

Business, News

4.629.8K Ratings

🗓️ 20 May 2020

⏱️ 17 minutes

🧾️ Download transcript

Summary

Unemployment offices and small banks are getting money from the government to the people who need it. But it's like trying to smoosh a fifty foot pile of money through a ten foot hole. | Subscribe to our weekly newsletter here.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Planet Money from NPR.

0:08.0

Kayla Nelson is from Lafayette, Indiana, a city of about 70,000 people.

0:12.7

It's a very small, knit town.

0:16.0

And Kayla says Lafayette is big on manufacturing.

0:18.8

Makes a lot of car parts.

0:20.1

Kayla, in fact, works in one of those factories.

0:22.6

She drives a forklift for Subaru.

0:25.0

At least she did.

0:26.7

In March, Subaru rounded up all of its employees and said it was shutting the factory for now.

0:31.9

Told everybody to go home.

0:33.5

Kayla's husband works at Subaru 2, got laid off the same day she did.

0:37.9

And suddenly, the two of them had no income.

0:41.3

And they have a lot of expenses.

0:43.5

I have five boys.

0:46.0

My oldest is 13 and my youngest boy, he is two.

0:52.6

Kayla and her husband needed money coming in.

0:55.4

So right when they got home, they went to Indiana's unemployment website, put in their unemployment

1:00.4

application.

1:01.4

That was on April 2nd.

1:02.4

A week went by, I'm like, okay, I have some savings saved up two weeks went by.

1:08.4

I'm like, okay, it's starting to get a little bit ridiculous now.

1:12.2

But now it's like, okay, it's May now.

...

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