Why You May Not Get a Stimulus Check for Months

The COVID-19 crisis has already had a devastating effect on the U.S. economy, and though parts of the country are slowly starting to reopen, it's too soon to state that we've entered the recovery phase. Meanwhile, millions of Americans continue to struggle on unemployment, while countless small business owners are left to contemplate whether their companies can survive the hit they're currently taking.

The silver lining in all of this, however, is the fact that millions of Americans have already received a $1,200 stimulus payment from the government, which they can use to pay their mortgages, put food on the table, and cover other essentials -- at least in the very near term. But what if you haven't yet gotten your stimulus cash?

If your income isn't particularly high, then there's a good chance you're still eligible for that payment but that it simply hasn't arrived yet. But you may be less than thrilled to learn that some Americans may have to wait until the latter part of the summer to get that money in hand.

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Source Fool.com