President biden
Joe BidenGraham’s post-election call with the Georgia Secretary of State will be investigated: Night Defense report: Pentagon and Congress appoint panel members to rename Confederate bases | Military approves 20 more coronavirus vaccination teams Lawmakers applaud officer Eugene Goodman MOREThe $ 1,400 coronavirus relief check proposal would allow 22.6 million Americans to pay their bills for at least four and a half months, according to a study by research firm Morning Consult.
The analysis comes as debates continue on the size and number of stimulus checks to be included in the next COVID-19 aid round.
To assess the impact of the stimulus, Morning Consult analyzed data on home finances, determining that a new stimulus targeting low-income adults would help prevent financial worsening from worsening, rather than just getting people out of trouble.
According to the study, about 30.2 million Americans were unable to pay their bills in January. Of these, 75% lost their accounts for less than $ 300 – an improvement of 7% over the previous month.
Morning Consult said this shows that, although previous stimulus checks did not solve the recipients’ financial problems, they have reduced their overall debt.
The cost to the US economy will be less if the government can help people not to get into debt, instead of having to help them recover from them, said Morning Consult.
The stimulus checks sent on March 1 would allow Americans to pay their bills by mid-July without becoming even more indebted when trying to make payments or take 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, adding that to get the maximum economic benefit, the new stimulus must focus on those who need it most.