How Much Will Stimulus Checks Help the Average American Family?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act stimulus checks were meant to provide a short-term lifeline to families facing financial pain amid the current lockdown.

Unfortunately, the checks valued at $1,200 per adult and $500 per eligible dependent child aren't likely to go very far or provide nearly the support most people need.

The COVID-19 stimulus payment is a drop in the bucket for the average American, replacing far less than two full weeks of income.

Source Fool.com