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People with the lowest incomes spent theirs on necessities. The better-off spent on home improvements and vacations.
COVID has resulted in a wave of federal money directed at helping the roughly 580,000 people without stable shelter.
The money can be used for tenant-based rental assistance and property development to create more affordable housing.
The worst off are likely to use them to fend off economic disaster. The best off may well splurge.
Powell told lawmakers Tuesday that the “effect on inflation will be neither particularly large nor persistent,” from the $1.9 trillion rescue plan.
Morning Consult finds the American Rescue Plan boosted consumer confidence, with low- to middle-income Americans buoyed the most.
In the U.S., Black and Indigenous women are two to three times as likely to die from pregnancy-related causes in the first year as white women.
Deals and other offers are likely to appear online, where people have already been shopping during the pandemic.
Tens of millions of taxpayers will get the direct payments Wednesday if the IRS has their direct deposit information.
“That money is essentially spoken for,” Susana Mendoza says of the $7.5 billion coming to the state from the American Rescue Plan.