For the tens of million Americans out of work amid the pandemic, the federal stimulus payment of $1,200 has been a lifeline. They can pay rent, make car payments and meet other crucial expenses.
But more than one hundred million of others are still working and haven’t suffered an immediate financial shock. The path of the recovery will depend, in part, on what they do.
Will most save their stimulus checks and cut their spending? Or will more of them spend their sudden windfall?
The path of any economic recovery will depend, in part, on what they do.
READ MORE AT THE INVISIBLE HAND