President Biden
Joe BidenGraham’s post-election call with Georgia’s secretary of state will be investigated: Night Defense report: Pentagon and Congress appoint panel members to rename Confederate bases | The military approves 20 more coronavirus vaccination teams Lawmakers applaud officer Eugene Goodman MOREAccording to a study by data and research firm Morning Consult, the proposed $ 1,400 coronavirus would allow 22.6 million Americans to pay their bills for at least four and a half months.
The analysis takes place as discussions continue on the size and number of stimulus controls that will be included in the next round of COVID-19 grants.
To assess the impact of the stimulus, Morning Consult analyzed data on household finances, determining that a new stimulus aimed at low-income adults would help prevent worsening financial difficulties, rather than simply pulling people out of trouble.
According to the study, approximately 30.2 million Americans were unable to pay their bills in January. Of those, 75 percent lost their bills by less than $ 300, an improvement of 7 percent over the previous month.
Morning Consult said this shows that while previous stimulus checks did not solve the recipients ’financial problems, they reduced their overall debt.
The cost of the U.S. economy will ultimately be lower if the government can help people stay out of debt instead of having to help them recover, Morning Consult said.
Stimulus checks sent March 1 would allow Americans to pay their bills until mid-July without further falling into debt by trying to make payments or taking advantage of their savings.
“The cost of sending significantly larger stimulus checks to everyone far outweighs the benefits of helping relatively few additional Americans,” wrote Morning Consult, who added that to get the maximum economic benefit, the new stimulus it should focus on those who need it most.