Roughly Half of Americans Say a Second Stimulus Check Is Badly Needed. But Will There Be One?

The $1,200 stimulus checks that were distributed as part of the CARES Act served as a lifeline for cash-strapped Americans who were immediately impacted by the COVID-19 crisis. But helpful as those payments may have been, for a lot of people, they're long gone. And as our current recession continues to rage on, many Americans remain desperate for some follow-up relief.

In fact, 49% of Americans say a second stimulus check is very important to their finances, according to SimplyWise's July 2020 Retirement Confidence Index. Meanwhile, 25% say a follow-up stimulus check is somewhat important to them.

Given that most Americans expect our current recession to last into 2021, that sentiment makes sense. But whether there will actually be a second stimulus is yet to be determined.

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Source Fool.com