GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

A photo of the economic stimulus check that was sent to US citizens during the covid-19/coronavirus quarantine.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.

They work as intended only when theyre spent.

facebook sharing button

Economy or Bank Account: Which Is Really Stimulated?

The efficacy of stimulus checks can vary greatly depending on how recipients choose to use them, Collins said.

Stimulus checks, by their nature, cant be given with certain terms, Collins said.

twitter sharing button

Thus, nothing stops those who dont need the extra money from not putting it back into the economy.

Those broader challenges require comprehensive policy approaches, including investments in education, infrastructure and workforce development.

Effective financial management and policy-makingrequire a balanced approach that goes beyond temporary support measures.

linkedin sharing button

More From GOBankingRates

Share This Article:

The Latest inMoney

email sharing button