President Biden
Joe BidenGraham’s call for election with Georgia’s Secretary of State to report: Overnight Defense Report: Pentagon, Congress Appoints Panelists to Rename Federal Bases | Military approves another 20 coronavirus vaccination teams. Lawmakers give more praise to Officer Eugene GoodmanAccording to a study by data and research firm Morning Consult, with the proposed $ 1400 checks for coronavirus relief, 22.6 million Americans will be able to pay their bills for at least four and a half months.
The analysis comes as debates continue over the size and number of stimulus tests to be included in the next round of COVID-19 assistance.
To evaluate the impact of the stimulus, Morning Consult analyzed the data on household finances and determined that a new stimulus aimed at low-income adults will help prevent debilitating financial problems, more than just people to dig out of trouble.
According to the study, approximately 30.2 million Americans were unable to pay their bills in January. Of that, 75 percent missed their bills by less than $ 300 – a 7 percent improvement over the previous month.
Morning Consult said it shows that although previous stimulus investigations did not solve the recipients’ financial problems, it did reduce the total debt.
The cost to the U.S. economy will ultimately be less if the government can help people stay debt-free rather than help them recover from it, Morning Consult said.
Stimulus checks sent out on March 1 would allow Americans to pay their bills by mid-July without falling deeper into debt, trying to make the payments or utilizing their savings.
“The cost of sending significantly larger stimulus tests to all outweighs the benefits of helping relatively few extra Americans,” Morning Consult wrote, adding that the new stimulus, for maximum economic benefit, should focus on those who need it most. has.