While the stimulus money will scale based on how many dependents are in a household, survey data shows how many Americans feel the stimulus money is still too little for many basic needs to be met.
According to a recent YouGov survey, 70 percent of Americans said $600 is too little to meet basic needs like rent and essentials. Still, 28 percent of respondents said they’ll use the money to pay off bills, with another 17 percent saying they’ll put most of the money toward paying off debts they owe.
A fourth of respondents said they’ll put much of the new stimulus check in savings or retirement plans, while 14 percent said they’ll spend much of the money on essentials like food, hygiene and other necessary products. Read the rest at statista.