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1 posts on "Economic Impact Payments"
April 7, 2021

An Update on How Households Are Using Stimulus Checks

Olivier Armantier, Leo Goldman, Gizem Koşar, and Wilbert van der Klaauw

In October, we reported on how households used their first economic impact payments, which they started to receive in mid-April 2020 as part of the CARES Act, and how they expected to use a second stimulus payment. In this post, we exploit new survey data to examine how households used the second round of stimulus checks, abd we investigate how they plan to use the third round.

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Posted at 7:00 am in Demographics, Household Finance, Pandemic | Permalink

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Liberty Street Economics features insight and analysis from New York Fed economists working at the intersection of research and policy. Launched in 2011, the blog takes its name from the Bank’s headquarters at 33 Liberty Street in Manhattan’s Financial District.

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