Over the weekend, enhanced unemployment benefits expired, including $300 weekly bonus checks, as well as coverage for freelancers and the long-term unemployed.

This means more than 11 million people will get a smaller check, with roughly 7.5 million people losing their jobless benefits entirely.

Jeff Powell, CIO, Managing Partner & Founder of Polaris Wealth & Jeremy Witbeck, Partner at Polaris Wealth, discuss what this all could mean, especially with the uptick in new delta-variant COVID-19 cases that could result in new quarantine restrictions and, consequently, more layoffs.