How far will the $1,200 stimulus checks go for average Americans?
by Mona Chalabi in New York from Economics | The Guardian on (#51EAK)
People earning less than $75,000 will receive a one-time cash payment - but data shows the money won't last very long
People earning less than $75,000 will receive a one-time cash payment of $1,200 as part of the $2tn economic plan to provide relief from the Covid-19 pandemic.
Individuals earning $75,000-$99,000 will receive a lower payment based on a sliding scale. But a look at household finances reveals that cash injection might not last long for those affected by the pandemic.
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