Here’s how most Americans spent their $1,200 stimulus checks

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Following the $2 trillion stimulus package passed in March, democrats are pushing for an even bigger stimulus package to boost the economy.
A recent study found that most Americans used their $1,200 payout on essential items like rent, food, and utilities.
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With the coronavirus bringing the U.S. economy to a standstill, President Trump in March approved a sweeping $2 trillion stimulus package that included $1,200 payouts to eligible Americans. The IRS began issuing said payments via direct deposit last month and stopped accepting new requests on May 13. If you’re eligible for a payout but didn’t provide the IRS with your banking information, you’ll likely receive a check in the mail sometime before July.

Now that we’re about a month removed from the first round of direct deposits, it’s becoming clear that a new stimulus package will be necessary to help Americans pay for basic necessities. Unemployment remains at a historically high level and a new study found that the majority of Americans spent their $1,200 payout on things like rent, utilities, and food.

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Here’s how most Americans spent their $1,200 stimulus checks originally appeared on BGR.com on Sat, 16 May 2020 at 14:06:15 EDT. Please see our terms for use of feeds.