For many Americans, the one-time stimulus payment will be crucial for staying afloat. But if you’ve got that covered, how should you spend it?
On Friday, the House is considering the $2 trillion stimulus bill passed by the Senate earlier this week in response to economic fallout from the novel coronavirus. As part of the package, all U.S. residents, even those with no income, qualify for a one-time $1,200 rebate; the payments will start to phase out for individuals making above $75,000 and couples making more than $150,000.
For many, the payment will be a way to stay afloat. But if you’ve got all that covered, how should you think about this money? Should you spend...
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