When you get your stimulus check and how much you get depend on several factors.
The $1,200 stimulus checks being issued by the federal government are a hot topic right now, sparking conversations around kitchen tables, at supermarket customer-service counters and in family Zoom and chat groups.
To recap, the $2 trillion CARES Act provides that most (but not all) U.S. adults get a $1,200 check. It’s part of the Trump administration’s efforts to mitigate economic damage from the new coronavirus pandemic.
It’s not “free money” — all public spending ultimately derives from taxpayer earnings — but it is money that individuals and families can spend as soon as they have it in hand. For housing, food or other necessities of life — or whatever they choose.
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The Treasury Department said the checks would be deposited into eligible Americans’ bank accounts beginning this week, and some in southern Missouri started seeing direct deposits as early as Monday.
Using social media, the News-Leader asked a variety of locals how they plan to spend their stimulus funding. If you want to share your plans, send a message to reporter Gregory Holman at @GregHolmanNL on Twitter or email firstname.lastname@example.org. We’ll add comments to this list, which has been lightly edited for clarity.
Julie McCann, Springfield, retired from financial-planning industry
“We’re donating. What is a drop in the bucket, for some, is the difference in remaining sheltered for others. The raging economic disparity has never been more evident. The difference in being sheltered, or not. The difference in being safe and healthy, or not. Hungry, or well-fed. The difference between being hopeful or steeped in despair … Sadly, some will remember this as too little, too late.”
Tim Hill, Springfield, customer service at a wine shop/cafe
“I will be saving mine for if I get the coronavirus, then I will have some sort of income.”
D. Croskey, Hollister, independent entrepreneur
“I’m on Social Security Disability due to my stage IV breast cancer diagnoses, and we haven’t received the deposits yet … but we are taking this opportunity to pay off some debts that will, in turn, free up monthly funds. Our landlord was nice enough to defer our April rent so that we could stock up on meds and food. With my poor immune system, we are taking every precaution and limiting our grocery pick-ups. Paying down the debts … one being paying off our car, we will have about $600 extra a month. I feel this will be the best use of the small stimulus we get and a better return on our investment, so to speak, to have a good portion freed up monthly.”
Ray Brossard-Sims, Springfield, self-employed cosmetologist
“I’ll believe it when I see it. I don’t have a check. I’m not sure that I am completely convinced that I’ll get one, to be honest. I suppose time will tell. I don’t want to be argumentative, negative nor untrusting, but I don’t trust our government. There’s no such thing as free money. If it does happen that a check appears in my account, since I’ve been unable to work for nearly a month now, I’m sure I’ll just use it to catch up on bills!”
Riad Matar, Springfield, restaurateur
“Riad restaurant has been serving Springfield for over sixteen years. Sean, my son, now runs and owns it. He is doing delivery and carryout. And yes, he is getting $1,200 too. All the money we are getting is going towards paying the restaurant bills (rent, City Utilities, insurance and payroll for employees still working). We wanna make sure the restaurant floats during this difficult time every one of us is going through. We thank all the people supporting our local business. We will do everything in our power to survive and we will.”
Anne Walls, Springfield, event venue owner, dance instructor
“I guess I wasn’t sure, being self-employed, if we would qualify. I assume that we do … we definitely fall under the (income) cap, but haven’t seen it yet. In our position, it isn’t enough money to help with the fact that we are unable to do any business at all. Business stopped, but bills didn’t. But it is still something … I feel like there’s a lot of confusing information out there … and not quick help coming to the small businesses, the little guy or gal … who’s hanging on by his/her toenails because we are non-essential. I am neither agreeing or disagreeing with the shut down … It is what it is.”
Jordan Lawrence, Springfield, office worker, transportation company
“I’m donating $1,000 of mine and keeping $200 for fun. I’ve been working six days a week, 12-hour days, checking drivers’ temps and screening them for COVID-19. I miss my office gig, but I’m stepping up to the plate with my job at (my company). I’m blessed to have a job that is in demand.”
Gregory Holman is a reporter for the News-Leader. Email news tips to email@example.com and consider supporting vital local journalism by subscribing. Learn more by visiting News-Leader.com/subscribe.
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