The Elite really don't live in the real world do they, doubt it'll last 1 month for 90%, I get through 2x's that per month if not 3x's, CRAZY, so 4 months LOL Guess Car Tax, Car Insurance, Mobile, Internet and Netflix covered for 4months, the basics, guess everyone is defaulting on everything less major?? Trying to push through 6pm curfew's for Men, to allow woman to roam the streets safely over here in the UK, worlds gone NUTSO!!
Exactly more than 90% of people will eliminate that entire $1400 in living expenses in less than a month.
Reading is hard - "A $1,400 check would allow 22.6 million adults to pay their expenses for at least four and a half months without incurring additional debt or eating further into their depleted savings, assuming that they maintain income from work and unemployment benefits." Bitching is easy.
The least educated account for nearly all the Covid19 job losses. Common sense dictates the only real recovery is to use the stimulus $ to provide vocational training for one of the many sectors that desperately need help. Otherwise the government is creating a permanent dependency that like the Fed/central bank QE was proven to be impossible to ever back out of despite their insistence it was only a short term solution they could easily unwind - a big lie! An economy that depends almost entirely on endless free $ for the richest & poorest, with the constantly shrinking middle class pulling 90% of the load - what could possibly go wrong?
My monthly expenses are less than 1400 dollars. No mortgage debt, no other debt. I pay utility bills, I suppose I should put aside something for property tax with it and a grocery bill. As a matter of fact, all my fixed costs would be covered with a 1400 dollar check from "Uncle Joe" but I will not be getting one.