relief checks Archives

How consumers are using their latest relief checks

by Nancy Marshall-Genzer

Apr 7, 2021

A Federal Reserve report found consumers are mostly saving the payment. When more Americans are vaccinated, they might spend more.

Many consumers plan to save a big part of their relief payment instead of quickly funneling it into the economy.

Chuyn via Getty Images

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FDIC campaigns to get the unbanked to open accounts

by Justin Ho

Apr 7, 2021

Over 7 million Americans don't have bank accounts. One big incentive to opening one: direct deposit of federal relief payments.

There are plenty of reasons why disadvantaged communities might avoid the banking system, but one benefit is the ability to deposit relief money.

Justin Sullivan/Getty Images

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COVID-19

Consumer confidence surges on relief payments

by Mitchell Hartman

Mar 22, 2021

Morning Consult finds the American Rescue Plan boosted consumer confidence, with low- to middle-income Americans buoyed the most.

Optimism has increased since President Joe Biden signed the American Rescue Plan, which will likely lead to increased spending.

Samuel Corum/Getty Images

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COVID-19

Companies see an opportunity with more relief money headed to consumers

by Justin Ho

Mar 17, 2021

Deals and other offers are likely to appear online, where people have already been shopping during the pandemic.

Consumers are likely to spend this latest round of relief payments quickly, said Matt Kleinschmit, CEO of the market research consultancy Reach3 Insights.

Spencer Platt/Getty Images

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COVID-19

What we know about the next round of relief checks

by Janet Nguyen

Feb 12, 2021

House Democrats have proposed sending $1,400 checks to Americans, with the full amount going to people who earn up to $75,000.

House Democrats released a proposal this week for COVID-19 relief that would include distributing $1,400 checks to American households.

Evgenia Parajanian/Getty Images

COVID & Unemployment

Millions will get their relief payment via debit card. That's good ... and bad

by Justin Ho

Dec 30, 2020

Cards are usually cheaper than checks. Unless there's a dispute.

President Donald Trump holds one of the prepaid debit cards being issued by the IRS, during a Cabinet meeting in May.

Brendan Smialowski/AFP via Getty Images

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Relief checks

How consumers are using their latest relief checks

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FDIC campaigns to get the unbanked to open accounts

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Consumer confidence surges on relief payments

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Companies see an opportunity with more relief money headed to consumers

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What we know about the next round of relief checks

Millions will get their relief payment via debit card. That's good ... and bad

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How consumers are using their latest relief checks

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FDIC campaigns to get the unbanked to open accounts

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Consumer confidence surges on relief payments

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Companies see an opportunity with more relief money headed to consumers

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What we know about the next round of relief checks

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Millions will get their relief payment via debit card. That's good ... and bad

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