In this April 23, 2020, file photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio, Texas.
Yet a survey of US households shows Americans used 18% of their checks on buying essential goods, researchers at the New York Fed said. Less than 8% of the funds were used for buying non-essential items. Just 3% was donated. The share of cash used to pay debts was marginally higher among non-white respondents, those without a college education, and those who make less than $40,000 a year. Households experiencing unemployment shocks or unexpected drops in income also used a larger amount of their checks to cover debts, according to the study.
Didn’t rly need a study to guess this one. Turns out people use money responsibly when it’s given to them. Perhaps bc we aren’t properly compensated for our work🤔
need moar
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Couple shares budget sheet they used to pay off mortgage in 4 years - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Save y'all some reading time-their yearly income is 180K. That's how they paid off a 200K mortgage on time. No secret, other than getting a better paying job. EndSars EndSars EndSWAT EndSWAT EndSWAT EndSWAT EndSars EndSWAT EndSWAT EndSWAT EndSWAT EndSWAT EndSars EndSWAT EndSWAT EndSWAT EndSars EndSWAT EndSWAT EndSWAT EndSWAT EndSWAT EndSWAT EndSWAT EndSWAT EndSWAT EndSWAT EndSWAT EndSWAT EndSWATinNigeria
Source: BusinessInsider - 🏆 729. / 51 Read more »
VIDEO: Pelosi has heated argument with CNN's Blitzer on stimulus talks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. She doesn’t care about the Americans just wants to bail out blue states .. she’ll delay till the election good It's time for this lunatic to be removed
Source: BusinessInsider - 🏆 729. / 51 Read more »
Nancy Pelosi blasts the White House's $1.8 trillion stimulus offer, lists 8 'deficiencies' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They should agree to the deal+then let mitch refuse to take a vote on it. Let them own it You need to pay triple $1200. You talk about that for 3 month. Stimulus for one month becomes smaller. 'Let's spend a little over $1 trillion on areas of the economy that are going to be very impactful now that we can agree on,' Mnuchin said. 'If we need to do more, we'll come back and do more and work together'....that included $1,200 checks. Pelosi said no...that was in August.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Small Business Point-of-Sale Battle Report from Insider Intelligence - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »