FINALLY PAYDAY! 4TH Stimulus Check $2000 STIMULUS CHECK UPDATE! Unemployment PUA SSI Disaster Relief

We reported recently on how Americans are planning to use some of their $1,400 stimulus checks on “revenge spending,” or splurging on non-essential items as a reward for staying cooped up for a year.

A new report from Bankrate disputes that claim, projecting that Americans are mainly using their disaster relief funds on groceries and monthly bills at a rate of almost 2/3rds.

Greg McBride, the chief financial analyst at Bankrate, explained: “For all the talk of revenge spending and pent-up demand for travel, you wouldn’t know it by seeing just 13 percent of stimulus check recipients indicating that any of the money would be spent on discretionary activities or nonessential items.”

Their survey also found: “More than 6 in 10 Americans believe the $1,400 won’t last them longer than three months, while 34 percent say the extra funds won’t even last them one month.”

These statistics are proof that millions of Americans are still struggling financially, and a fourth stimulus check is necessary for these people to feel financially secure enough to stimulate the economy once again.