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Search claims that was $1800 back in 2020. Hard to see that registering at significant at the time, let alone years afterwards.
by JonChesterfield 4y ago
Search claims that was $1800 back in 2020. Hard to see that registering at significant at the time, let alone years afterwards.
- Izkata 4y agoThis (and OP) is confusing two different things. There were individual stimulus checks, but there was also a separate boost to unemployment such that around 20% of people who ended up on unemployment were making more than they had with the job they lost. I'm pretty sure that has stopped by now too, though. Edit: https://www.investopedia.com/federal-pandemic-unemployment-programs-how-they-worked-4801925 https://www.investopedia.com/federal-pandemic-unemployment-p... - ended Sept 2021 There were plenty of posts about small businesses being unable to compete with unemployment because of this back when it was active. In past experience, this is usually what they're referring to.
- analyte123 4y agoPandemic unemployment was $2400 a month plus whatever you would normally get from your state. Combined with student loan forbearance and the stimulus checks, this could add up to a lot.
- xienze 4y agoIt was a little bit more than that depending on circumstances. First check was $1200 per adult, $500 per kid. Second one was $600 per adult/kid. So for a family of four that's $3400+$2400 = $5800 in freebies. There's more people than you would think who see that as a pretty sizeable windfall, and start leveraging up accordingly (new car, lots of consumer goods).