The No. 1 thing Americans are spending their stimulus checks on — even more than shopping at Costco, Walmart and Target

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

30% of people said they used their stimulus checks to pay bills, according to a new survey released this week, another sign that Americans are struggling to make ends meet.

Nearly one-third of people said they used their stimulus checks to pay bills, according to a survey released this week, another sign that Americans are struggling to make ends meet, particularly with more than 38 million people filing for unemployment since mid-March.

Some 150 million stimulus checks are winding their way to households. They’re a key part of the government’s $2.2 trillion CARES Act, but many furloughed and laid-off workers say a maximum $1,200 payment is not enough to see them through another, and perhaps bigger, Great Recession. As states imposed stay-at-home orders, unemployment rates in 43 states set new records, based on records going back to 1976. In Nevada, where unemployment hit 28.2%, and Hawaii, where it reached 22.3%, the jobless rate exceeded previous highs by over 10 percentage points.

My husband refuses to give me my stimulus check. He says that I don’t deserve it because I didn’t earn it. What can I do? The study, distributed this month by the National Bureau of Economic Research, provides another look at how the coronavirus outbreak and its economic consequences suddenly left many American families cash-strapped — especially those making lower incomes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Purplegarter1 I heard of stimulus checks and direct deposits, but today my husband and I received, in the mail, a debit card with our official names on it and had to call to find out that it was our stimulus money. Anyone else get this?

This doomsfay fear mongering isn’t working anymore.

.... “the other 70% percent point purchased stocks”

Does the fact that only 30% of people needed the extra cash to pay bills surprise you? Lol.

What else would you use it for? Beer?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Target CEO: 'America was back in our stores shopping' after stimulus checksTarget Chairman and CEO Brian Cornell weighs in on the state of the retailer amidst the coronavirus pandemic in a Yahoo Finance interview. So the employees should keep their pay increases. SHUT UP Did Target ask every customer if they were using their stimulus check?
Source: YahooNews - 🏆 380. / 59 Read more »

New stimulus could come in 'next month or so,' McConnell says as pressure mounts to restart economyThe Kentucky Republican has said in recent weeks that he is eyeing another stimulus worth around $1 trillion that likely will not include another round of checks for Americans. Talk and spin he wants it closer to election. he isn't going to be re elected even if he fills out all the voter cards like last time Hey TeamPelosi - NO liability protection. That's the only line between employees and being treated TRULY like 'human capital stock' with no recourse. And especially concerned that universities are demanding it.
Source: Newsweek - 🏆 468. / 52 Read more »

Stimulus check extension unlikely beyond JulyThe Democrat's HEROES Act, passed by the House of Representatives, proposes to extend the expiration date to January 31, 2021. God said it will go away. Once you and congress tell the Americans about NESARA THAT WAS SIGNED INTO LAW. AND WHEN ALL DEBTS ARE FORGIVEN FROM ALL AMERICANS AND WORLD LEADERS AGREE IN TOTAL GESARA DEBTS JUBILEE FOR ALL DEBTS BETWEEN NATIONS. THIS IS ONLY WAY GODS WRATH WILL END. Both sides trying to make it an election issue. Vote for us get goodies.
Source: Newsweek - 🏆 468. / 52 Read more »

10 myths about your stimulus checkMany Americans who received a stimulus payment of at least $1,200 as a result of the passage of the CARES Act in March still have questions. Here are 10 things you may have heard that aren't actually true. 11 contrary to Mnuchin it didn't last 10 weeks that its coming
Source: Newsweek - 🏆 468. / 52 Read more »

Bank of Canada says it can deliver more monetary stimulus if neededThe Bank of Canada can deliver more monetary stimulus if needed to meet its 2% inflation target as the economy recovers from the coronavirus crisis, Governor Stephen Poloz said on Tuesday. I’m a Powerball lottery winner that has battled credit card debt in the past It has been my burning desire to solve credit card debt for as many people as I can Winning the Powerball made my dream come true Send a dm if you need help clearing your credit card debt No number is too high to keep CanadasClownPrince in power. JustinIsTheVirus TrudeauMustGo
Source: Reuters - 🏆 2. / 97 Read more »

Poll Finds Majority Of Americans Would Like Things To Go Right For OnceUTICA, NY—A poll released Tuesday by Zogby International found that 72 percent of Americans would prefer it if things could go right, just this one time, without something inevitably coming along and screwing everything up. “For once in my life, it would be cool if things didn’t suddenly fall apart right when they started going my way,” said poll respondent Esther Lau, who listed finally catching a break as one of her personal goals. “Suppose, for example, that instead of turning into a total disaster in the end, events worked themselves out in a way that was favorable, or at least okay for the most part. That’s a situation I would be amenable to.” The remaining 28 percent of Americans agreed that everything was just fine, and why would this even be a question someone would ask in the first place? who do they poll?! nobody called me!!! it's going right-wing alright Recent study finds Americans are losing their faces.
Source: TheOnion - 🏆 724. / 51 Read more »