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.
A recent report from retirement income company SimplyWise also found that 63% of respondents said they will need another stimulus check within the next three months.
Read more:Will you get a $1,200 check from the $2 trillion stimulus bill?
The stimulus checks will provide up to $1,200 for adults, $2,400 for married couples and $500 per child.
Read more:The best way to spend your $1,200 stimulus check, according to financial advisers.
And it should come as no surprise that the stimulus checks matter the most to the lowest earners.
Almost three in four Americans said that the outbreak has lowered their household income in a new Financial Times survey. »