“As we hit the one-year mark of the coronavirus pandemic, GOBankingRates is reflecting on how COVID-19 has affected nearly every aspect of the economy and how Americans work, spend, save and invest,” said Gabrielle Olya, Lead Writer at GOBankingRates. “We’ve also spoken to experts across a number of fields to get their insights on the financial lessons the pandemic has taught us, how far we’ve come in the past 12 months and what we still need to do to get back to ‘normal.'”
One especially hot topic of this past year has been the issuing of stimulus checks. On Wednesday, March 10th the $1.9 trillion American Rescue Plan passed in the House of Representatives, meaning that the third direct payment checks would be on their way once the Act is signed by President Biden. But according to a new GOBankingRates survey, the spending of this most recent check varies with 45% saying it would be going to paying bills and 39% saying it would be used to purchase groceries.
Americans all across the country have had to deal with numerous financial pressures this past year. These common issues include losing a job, sacrificing careers for childcare, covering health expenses, pivoting businesses to stay afloat and much more. Maintaining daily and monthly expenses like rent or mortgage payments has even become an intense struggle. GOBankingRates’ new survey has found that a staggering 46% of Americans missed one or more rent/mortgage payments, and that 25% have missed more than…
