Why Investing Your Stimulus Check May Be a Smart Financial Decision
Approximately 90% of Americans can expect to receive stimulus checks in the next few weeks, according to research from the Tax Policy Center, which should provide much-needed relief for those who are experiencing financial hardship due to the coronavirus pandemic.
Those with an adjusted gross income of less than $75,000 per year (or $112,500 for heads of household and $150,000 for married couples filing jointly) will receive the standard $1,200 check (or $2,400 for married couples). Those earning more than those limits will receive either a reduced check or no stimulus money at all.
If your finances are on shaky ground right now, that money might be best spent paying the bills or establishing an emergency fund. But if you can afford it, investing this extra cash can be a great way to build long-term wealth.
Source Fool.com
