brookings.edu (07.01.2021) In the spring of 2020, in response to the COVID-19 pandemic and its associated recession, policymakers originated significant expansions to social insurance, including unemployment insurance benefits, refundable tax credits, and paid leave. Because of this expansion, the average household experienced an increase in purchasing power, even as the labor market and employee compensation sharply contracted during the spring of 2020. However, because a number of those expansions were temporary, support from social insurance significantly receded after the spring even as the labor market only partially recovered.