Here’s How Americans Spent Their Stimulus Checks

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How did you spend your stimulus checks?

Spend , Save , Pay Debt Peter G. Peterson Foundation per The U.S. Census Bureau dataThe first, second and third stimulus checks reached an estimated 85% of households. Stimulus payments targeted lower income and middle income households, with a gradual decline for households earning more than $75,000 annually. The amount of an individual’s income impacted how they spent their stimulus payment.

That said, Economic Impact Payments “may have contributed to a rise in” personal income, consumer spending, personal savings and economic growth. The Congressional Budget Office estimates that the stimulus checks under the Cares Act increased economic output in the U.S. by 0.6%. In comparison, enhanced unemploymentt benefits boosted the economy by 1.1%, while the Payment Protection Program led to an increase of 0.8%.Will there be a 4th stimulus check? Most likely, no. There are.

 

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This is kind of a stupid and inconclusive finding unless you define what 'debt' is. If it's credit card debt from previous essentials purchases or even mortgage payments, that's all pretty important to keep the economy going. The implication that debt isn't relevant is odd.

Haven't received the 2nd or the 3rd yet

I bought a car with mine 🥴

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on a crown for a tooth.

On crypto too.

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GameStop and dog coins ?

I'm still waiting for the third check that was promised.

Here is how:

good luck

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