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The IRS just disbursed 2.2 million more $1400 stimulus payments, but it mostly went to recent tax filers

1 day ago   |   By Business Insider

Summary List Placement Another 2.2. million Americans will start receiving $1400 stimulus checks this week.
The third round of stimulus payments, meant to help people who lost income or work during the coronavirus pandemic, is worth over $4 billion, according to the Internal Revenue Service.
The latest disbursement brings the total number of payments to 171 million, according to an IRS news release on Wednesday .
The majority of the 2.2 million payments went to eligible individuals who did not previously file information with the IRS for an Economic Impact Payment, but have since filed a...
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Almost half of Americans used the $1,400 stimulus checks to pay off debt

Almost half of Americans used the $1,400 stimulus checks to pay off debt

1 day ago   |   By Business Insider

Summary List Placement The third round of stimulus checks helped families with expenses and bills, but in particular helped them pay off debt.
That's according to a new briefing by Claudia Sahm, senior fellow at the Jain Family Institute and a former Fed economist. Sahm told Insider that paying down debt gives Americans more financial security and helps cut ongoing interest payments down the road. The checks not only helped Americans with outstanding bills but boosted the overall economy.
"My research brief argues - contrary to several prominent critics - that the stimulus checks...
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