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Personal Wealth: What Are People Planning to Do with All that Stimulus Money?
Episode 1036
Published 5 years ago
Description
Individuals across the U.S. are getting a new round of stimulus checks worth more than $410 Billion. This is the third time the government has handed out money because of the pandemic. While many people are still suffering financially, the economy is also recovering, and that's raising a lot of questions about whether people should save, spend, or invest their checks.
So what should individuals do with their stimulus checks? I thought I'd cover some of the ideas and recommendations I've been seeing in the news, and what many people say they are planning to do with their checks.
Links: 1 - https://www.bloomberg.com/news/articles/2021-03-16/biden-stimulus-check-1-400-best-investment-ideas-save-or-spend-it 2 - https://www.marketwatch.com/story/americans-ready-to-plow-10-of-stimulus-checks-into-bitcoin-and-stocks-survey-says-11615823512 3 - https://www.yahoo.com/lifestyle/young-investors-are-putting-stimulus-checks-into-stocks-and-bitcoin-152629197.html 4 - https://finance.yahoo.com/news/warren-buffett-wants-1-400-151000599.html 5 - https://www.washingtonpost.com/business/2021/03/11/latest-stimulus-payments-cover-months-rent-some-places-less-than-month-others/