8% of Americans said the stimulus check won’t be enough to help them at all.
While millions of Americans are counting the days until their stimulus checks arrive, many fear that the one-time $1,200 payment won’t go very far.
The coronavirus pandemic has dealt the globe a double-whammy since the end of 2019, sickening 1.45 million and killing 83,471 and counting worldwide, as well as wreaking havoc on financial markets and spurring mass layoffs as businesses considered “non-essential” have closed to fight the spread of COVID-19.
The stimulus checks will provide up to $1,200 for adults, $2,400 for married couples and $500 per child. The problem is many Americans were already on the back foot before the coronavirus hit: nearly 4 in 10 didn’t have enough money saved to cover a $1,000 emergency expense, according to a separate Bankrate survey from January, and lower earners were disproportionately much less prepared.
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