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Andy Meek
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- The latest stimulus check update we have from the Biden administration and Congress is starting to suggest what the size and scope of the final $1.9 trillion stimulus package that President Biden has proposed will be.
- From there, we can make some deductions about how much most people will get when the new round of $1,400 stimulus checks starts to be distributed.
- Use the calculator below to estimate the size of your new stimulus check from the Biden administration.
While Americans continue to wait for the official stimulus check update they've been hoping for since the inauguration of President Joe Biden -- that a third round of COVID relief payments has been approved and that they will now start to be sent out -- newly released data strongly makes the case for the $1,400 stimulus checks that the Biden administration has proposed.
A new Morning Consult report explains that those new stimulus checks "would prevent unnecessary financial hardship and mitigate future economic risks," especially since the $1,400 direct payments will especially be a boon for parents and low-income families. Moreover, the report also provides an indication that people will use these checks how they're intended, by spending the money quickly and putting it back into the economy. Morning Consult's data shows that Americans with annual household incomes of less than $50,000 spent almost 70% of the money they got from their second stimulus check already. And speaking of those checks, one question that might be on your mind right now is how big will your next one be?
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This calculator tells you how big your next stimulus check will be originally appeared on BGR.com on Fri, 12 Feb 2021 at 14:12:11 EDT. Please see our terms for use of feeds.
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