How long a $600 stimulus check could last in big cities - Business Insider

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We calculated how long a $600 stimulus check could last in the 25 biggest US cities, and it's 12 days at most

However, the amount proposed is $600 — half of the maximum check individuals received in the spring. Top Democrats haveHow far will a $600 stimulus check go?

To find out how long a $600 stimulus check could last in the most populous US cities, we obtained data fromWe gathered expected monthly expenditures for two basic consumer profiles: homeowners and renters. Monthly expenditure data takes into account typical spending behavior and the following costs: groceries, housing, utilities, transportation, healthcare, and other miscellaneous spending such as recreation or entertainment.

For each city, we divided total monthly expenditure by 31 to arrive at an average daily expenditure. Lastly, we divided the proposed $600 stimulus check by the average daily expenditure to arrive at an approximate number of days it would cover for each consumer profile. Because the expenditures are based on a 2.5-person household, we assumed two $600 checks per household.. Some people spend far less in a given city, and others spend more. As such, $600 might go further for one person or family than it does for another. Based on the definition of a household used in the data set, we assumed each household would get two stimulus checks, totaling $1,200. While there may be additional payments approved for dependents, we didn't include them in our calculations.

 

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Remember when SpeakerPelosi said a 1.8 trillion dollar stimulus wasn’t enough? Good times.

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1cent in New York

I have a $1600 electric bill waiting for payment. $1400 is owed to my car insurance and $600 for my water bill. Yeah it's going a long way.

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