Stimulus Update: Nearly 288 Million Americans Were Eligible For Stimulus Checks

Stimulus Update – Researchers found out that nearly 288 million Americans were eligible for stimulus checks. This indicates that 92% of Americans who were eligible for a stimulus check, actually received one.

Stimulus Update, Nearly 288 Million Americans Were Eligible For Stimulus Checks (PHOTO: Yahoo Finance)

Stimulus Updates

As part of the government’s efforts to help Americans, special advance tax credits were distributed by the federal government during the pandemic period.

These stimulus payments have helped Americans lessen the effect of the pandemic and strive hard despite the downfalls that the pandemic has offered.

In the first round of payment, about 210 million American adults have received their payments. That indicates nearly two-thirds of the entire American population.

In connection with that, not all Americans who were eligible for stimulus checks received their money.

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Stimulus Updates By Researchers

As mentioned earlier, researchers have found that nearly 288 million American people were potentially eligible for stimulus checks. Researchers pointed out that the number is a relatively high rate of receipt, but on the other hand, despite the IRS‘s efforts to allocate credits to eligible Americans, it still means that millions of Americans could get their checks but they did not receive any.

Miami Herald reported that the researchers help the federal government’s efforts to reach Social Security beneficiaries, the share of eligible Americans over age 60 who are receiving payments was especially high at 94%.

Researchers have also analyzed how fast Americans received their payments. The research found that the first payments were sent out within two weeks of the passage of the CARES Act.

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