Trump Stimulus Checks May Be Delayed for Low-Income Americans -- Here's the Odd Reason Why
For approximately 80 million Americans, the big day likely arrived this week. Following passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, the first batch of stimulus checks hit checking or savings accounts via direct deposit this week.
The CARES Act was passed by lawmakers to help prop up a flailing economy and labor force in the wake of coronavirus disease 2019 (COVID-19). Of the nearly 2.05 million cases of COVID-19 reported worldwide, as of April 15, 31% were located in the United States. Mitigation efforts to contain the spread of the coronavirus have led to the shutdown of nonessential businesses throughout much of the country and has put almost 17 million Americans out of work in just a three-week span.
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Source Fool.com
