The Ways Americans Have Spent Their Stimulus Money Shows Why More Could Be Needed
Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, millions of Americans have received stimulus payments from the federal government.
These payments, worth as much as $1,200 for each adult and $500 for each qualifying dependent, were meant to help blunt the impact of the financial devastation the great lockdown caused. But they've fallen short. Although there are multiple legislative proposals on the table to provide more funding, it's far from certain a second check will come.
As politicians ponder what to do, the data on how Americans spent their COVID-19 money shows exactly why more financial assistance could be needed by many.
Source Fool.com
