The first round of stimulus checks was expected to reach Americans on mid-April, and consumers are already making plans for how they plan to use the funds. More than one in four-or 28%-of about 1,000 Americans surveyed said they’ll use their check to cover rent and mortgage costs, according to a survey from Creditful, a personal finance resource. Millennials are the most likely to use their checks for housing, the survey finds. They plan to use 54% of their checks for essential purchases like housing and utility costs. They were also more likely to use stimulus checks on stocks and investments and student loan debt. Baby boomers, on the other hand, are planning to spend less than half-46%–of their checks on essential expenses like housing and utilities. Instead, they’re more likely to use their stimulus check on groceries, health and medical supplies, and clothing. Gen Xers are the most likely to use their stimulus check on bills and utilities, savings, credit card debt, and toiletries and hygiene products, the survey finds. Overall, the majority of respondents say they plan to spend the bulk of their stimulus on groceries or bills and utilities. Article by NWReporter of the NWMLS
Most of us have not received their stimulus checks, for either making too much money or having too much income above the limits. Or, it went to a foreign country because of all scammers out there. Watch your mail box – mail box thieves are watching your mail box also. Watch out for each other.