A nonpartisan nonprofit is recommending the federal government consider sending fewer stimulus checks out in a pending round of CCP virus relief because wealthy Americans were less likely to spend the money than poorer ones.
Congress approved and then-President Donald Trump late last year approved and signed a bill that included $600 checks for most Americans. The nonpartisan nonprofit Opportunity Insights found that households earning more than $78,000 were likely to spend just $45 from the checks over the first month after receiving them.
