How those 0 checks are likely to be spent – Marketplace

Senate Majority Chief Mitch McConnell blocked an effort Tuesday by Democrats to boost the following spherical of aid checks to $2,000. So People can be getting $600 checks this time round. Within the spring, folks spent solely a few third of the aid cash. However 9 months into the pandemic, hundreds of thousands of People are nonetheless out of labor and unemployment advantages are dwindling; it won’t be really easy to carry on to the cash now. On right this moment’s present: People are prone to spend their stimulus on requirements instantly. Plus, public transit is getting $14 billion in support and the meat business remains to be feeling the consequences of COVID-19.

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