How a COVID-19 Second Wave Could Affect Stimulus Checks

The U.S. experienced a record number of new COVID-19 cases in early July, according to the Centers for Disease Control and Prevention (CDC), indicating that a second wave of the pandemic is on the way or already here.

Millions of people still haven't recovered financially from the first wave of the coronavirus pandemic, with nearly 1.5 million Americans filing for unemployment benefits during the last week of June, according to the Department of Labor. For those who are unemployed or whose jobs are at risk, a second stimulus check could go a long way.

While it will likely be a few more weeks before Congress decides whether to send out another round of stimulus checks, there has been a lot of speculation surrounding the debate. A second wave of COVID-19, however, could have a serious impact on the government's decision.

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Source Fool.com