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1. Most Americans don't see the gravity of our economic situation 2. Americans don't save or plan for the future 3. Those checks might get spent awfully fast What a world.
This extra $600/week in unemployment is basically encourage people not to work.https://www.businessinsider.com/stimulus-package-unemployment-benefits-increase-2020-3 …
Put up two job posts today, one on Indeed, the other on Facebook. Where we are in East TX, it doesn't seem like people are dying for jobs. 14 applicants, slightly above average. Lot of government benefits coming (allegedly) and country-living is cheap - that may figure into it.
Isn't that kind of the point right now?
I don't think so. I think the $600 is designed to help our economy and soften the blow.
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