As you know by now, we have a new President. And the challenges ahead would be daunting for anyone that makes it all the way to the White House. The Democrats are already pushing for a new stimulus check, so the real question is: Do stimulus checks work? Here are a few facts:
$78 billion was issued in stimulus checks the last go around.
$12 billion was spent.
$66 billion was saved or paid toward the consumer’s own debt.
Congress had hoped that Americans would spend all the money and boost the economy. Did not happen. Some economists believe the money would be better spent on our aging infrastructure which has increased economic activity in the past. So what do you think?
Filed under: Taxes
