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It wasn’t $600 though: $1,200 per adult in April 2020, $500 per child. $600 per adult in December 2020/January 2021, same per child $1,400 per adult in March
by jahewson 4y ago
It wasn’t $600 though:
$1,200 per adult in April 2020, $500 per child.
$600 per adult in December 2020/January 2021, same per child
$1,400 per adult in March 2021, same per child.
A fully qualified two adult, two child household received $11,400. For a median income of 2x $31k, that’s 9% of the household’s per annum income. If you both had a job during covid, as most people did, it’s pure inflation.
- XorNot 4y agoThis is just garbage. The demand for stimulus was in reaction to the increase in most expenses due to supply chain shortages induced by COVID and lockdowns, and the continuing hike in prices has been due to the follow up war. The record profits - not revenue but profits - the big companies have posted over this time period prove it. Inflation is measured via a basket of goods measure, and corporations have freely taken all those basics and gone "welp must be circumstance" while posting those profits. Prices surged before any stimulus was handed out.