Savings & Retirement
Thanks, But $600 Stimulus Checks Won't Go Far, Say Americans
A majority of respondents in a Bankrate.com survey said the payments are not enough to cover their financial needs for even a month.
Residents wait in line to receive food assistance in Texas.
Photographer: Joel Angel Juarez/BloombergThis article is for subscribers only.
It’s just not enough.
As a second round of government stimulus checks starts to reach Americans, that’s the hard reality for many recipients, according to a new Bankrate.com survey. More than half of the people surveyed — 53% — who’d received a check or were expecting one don’t anticipate it being enough to cover their financial needs for even a month. About 18% said they didn’t expect the money to have any impact on their financial well-being.