Want to Turn Your Stimulus Check Into $10,000? Do This

A little over three weeks ago, lawmakers passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. This $2.2 trillion stimulus package, which was passed in direct response to the economic and labor market disruption caused by the coronavirus disease 2019 (COVID-19), provides $500 billion in loans to distressed industries, $350 billion in small business loans, and bolsters the unemployment program with an additional $260 billion.

But the standout component of the CARES Act, at least when it comes to the American public, is the $300 billion that's been set aside from direct stimulus payments to American workers and senior citizens.

Image source: Getty Images.

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Source Fool.com