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.
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