Two recent surveys come to broadly different conclusions on how people used their their stimulus checks. One consistency between the two: People with less liquidity tended to part with their stimulus rather than save.
As the coronavirus downturn stretches into mid-2020 with historic unemployment rates, low- and middle-income Americans may increasingly turn to alternative financial services for cash to buy food and other essentials.
Americans who can telework are avoiding the office due to the coronavirus pandemic. But not everyone can telework, because they lack stable broadband access. Many of those who lack broadband live in rural areas.