COVID-19 pandemic. By the end of January 2021, Americans living in households with an income of less than 46,000 U.S. dollars a year had spent an average of 126 U.S. dollars from their stimulus checks. In comparison, those living in households with an income of more than 78,000 U.S. dollars a year spent 45 U.S dollars of the same check.
In December 2020, the United States Congress signed into effect the COVID-Related Tax Relief Act which would give 600 U.S. dollars of aid to almost every American in response to the Planned monthly spending effect after COVID-19 stimulus payments in the United States as of January 2021, by household income (in U.S. dollars)
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Opportunity Insights. (February 4, 2021). Planned monthly spending effect after COVID-19 stimulus payments in the United States as of January 2021, by household income (in U.S. dollars) [Graph]. In Statista. Retrieved May 26, 2022, from https://www.statista.com/statistics/1211741/us-monthly-spending-stimulus-payments-by-income/
Opportunity Insights. "Planned monthly spending effect after COVID-19 stimulus payments in the United States as of January 2021, by household income (in U.S. dollars)." Chart. February 4, 2021. Statista. Accessed May 26, 2022. https://www.statista.com/statistics/1211741/us-monthly-spending-stimulus-payments-by-income/
Opportunity Insights. (2021). Planned monthly spending effect after COVID-19 stimulus payments in the United States as of January 2021, by household income (in U.S. dollars). Statista. Statista Inc.. Accessed: May 26, 2022. https://www.statista.com/statistics/1211741/us-monthly-spending-stimulus-payments-by-income/
Opportunity Insights. "Planned Monthly Spending Effect after Covid-19 Stimulus Payments in The United States as of January 2021, by Household Income (in U.S. Dollars)." Statista, Statista Inc., 4 Feb 2021, https://www.statista.com/statistics/1211741/us-monthly-spending-stimulus-payments-by-income/
Opportunity Insights, Planned monthly spending effect after COVID-19 stimulus payments in the United States as of January 2021, by household income (in U.S. dollars) Statista, https://www.statista.com/statistics/1211741/us-monthly-spending-stimulus-payments-by-income/ (last visited May 26, 2022)