No Recovery For The Bottom Half
by UPFINA
UPFINA Article of the Week
The new $1,400 stimulus has a lower income cap than the prior two rounds of checks. The first two rounds had limits of $75,000 per individual and $150,000 per couple. This one is expected to be $50,000 and $100,000. It will still cover 71% of Americans. We think it makes more sense to do it based on the median income in each area. Making above $50,000 in NYC isn’t close to the same thing as making that in rural Kansas. A $55,000 annual salary is working class in NYC. However, the government isn’t run that efficiently. There is no chance of that happening. It hasn’t even been suggested.
Source: http://econintersect.com/pages/analysis/analysis.php?post=202102100446
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