Important Stimulus Updates Social Security & Travel Industry

Third Stimulus Check Update

Unlike the second round of stimulus checks for $600, this most recent round of direct payments is not as likely to be spent on the stock market and GameStop stocks.

This time around, Americans are using their $1,400 stimulus checks on travel and leisure, which is a result of being stuck inside for over a year.

Julian Emanuel, the chief equity and derivatives strategist at BTIG, explained: “As vaccines proliferate and the economy begins to open up, those very same people that have been part of the active speculative public are much more likely to step away from their screens and use savings — whether it’s a stimulus or otherwise — to go out and experience activities for the first time in a year.”

Chris Gaffney, president of world markets at TIAA Bank, stated: “There’s an opportunity for those individuals that get these checks to spend them on travel, entertainment, leisure — those sectors are all opening back up — instead of putting them into their accounts or putting them into savings.”

While I think investing in stocks is a solid plan for spending your $1,400 stimulus check, I completely understand…