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Survey: How relief checks will impact Americans

The federal government’s relief checks will provide millions of Americans with much-needed support in light of the coronavirus shutdowns nationwide, but it won’t be enough to cure their financial hardship, a new survey from Bankrate finds.

The majority of Americans (or 67 percent) anticipate receiving a stimulus payment, thanks to the third fiscal care package President Donald Trump signed into law on March 27. But 31 percent of those expecting money say it won’t sustain their financial well-being for even a month, including 8 percent who say it won’t be enough to help them at all.

 

Read the complete Bankrate article here.

John A. Rodriguez

John A. Rodriguez is a Senior Mortgage Banker with iFinance Mortgage Inc. His passion is educating families and individuals to better understand the home loan process, to secure the best financing available, and then to protect their mortgage. Contact John today at jrod@ifminc.com or 949-456-7056! LinkedIn: http://ow.ly/fttL50xQAUi

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