Research: Stimulus Checks Are Rolling In

Here’s some good news from last week: people are finally receiving their stimulus checks! In mid-April, we asked our members if they expected to receive a check, and we were surprised that an astonishing 27% said no. Fast forward to the end of April, and that number fell by ten percent. We call that progress!

It took a collective effort, but the IRS was finally able to provide people with the necessary tools to help them receive checks in a timely manner. There are many calculators to help Americans estimate how much they’ll receive. Also, more information about who will receive stimulus checks has been published in recent weeks.

Read more of SaverLife’s research on how COVID-19 is impacting people across the country.


Recommended Articles

Research: You may be eligible for a stimulus check

For the past month, we’ve been asking SaverLife members on a weekly basis if they’ve received their stimulus payment. We’ve seen the number of people receiving direct deposits and physical checks has significantly increased. At the same time, the number of people who say they don’t expect a stimulus payment has gone down. What many… Read more

How COVID-19 is impacting SaverLife members

Spending is down, saving is up As the nation continues to shelter in place, it comes as no surprise that spending on “fun” items and activities has decreased. This includes gym memberships, going to the movies, and eating out. In order to make sure they have enough cash on hand to weather the storm, SaverLife… Read more

Tamiko’s Story: Pay Yourself First

Meet Tamiko: Tamiko lives in Dothan, Alabama with her two children, Ayonna (13) and Aidan (8). She has worked as an administrative assistant for her church for 16 years. What did your upbringing teach you about finances? My mom was a single parent, so she always managed money. It was a struggle for me, but… Read more