Liberty Street Economics: An Update on How Households Are Using Stimulus Checks

F E D E R A L   R E S E R V E   B A N K   o f   N E W  Y O R K LIBERTY STREET ECONOMICS   An Update on How Households Are Using Stimulus Checks   Olivier Armantier, Leo Goldman, Gizem Koşar, and Wilbert van der Klaauw In October, the authors reported evidence on how households used their first economic impact payments, which they started to receive in mid-April 2020 as part of relief legislation. In this post, the authors examine how households used the second round of stimulus checks, issued starting at the end of December 2020, and investigate how they plan to use the third round authorized in March. They find remarkable stability in how stimulus checks were used over the three rounds. READ MORE

 

 

 

 

 

 

 

 

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