3 hours ago
The government is just getting started sending out those $1,200 stimulus relief checks it promised to millions of Americans – but many already say it won’t be enough.
A recent SimplyWise survey found that 63% of respondents say they will need another stimulus check within the next three months. Currently, the government plans to make one-time payments of $1,200 to individuals who earn up to $75,000. Eligible dependents could get $500.
That won’t be enough for many people, though. The dramatic economic decline prompted by the coronavirus has made it difficult to make ends meet, forcing about 10 million Americans to file from unemployment in the last two weeks. $1,200 won’t cover monthly rents in many parts of the country.
“People are feeling like they’ve lost everything,” SimplyWise’s COO said.
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