156M COVID Stimulus Checks Issued, Feds Say

The Treasury Department has now issued more than 156 million payments as a part of President Biden’s massive coronavirus relief package, the department said Wednesday.

In the most recent batch of checks, 25 million payments were made primarily to Social Security beneficiaries who hadn’t filed 2019 or 2020 tax returns, The Associated Press reported.

The stimulus checks amounted to as much as $1,400 per person and served as the base for the president’s $1.9 trillion relief plan designed in part to goose an economy crippled by the ongoing pandemic.

About $372 billion has been paid out since March 12, AP reported.

A recent AP-NORC Center for Public Affairs Research poll found that 33% of Americans who have received or expect to receive a payment say they will use most of it to pay bills, about 23% will use it for savings, 21% will pay down debt, 16% want to spend it and 3% will donate it to charity or give it to family and friends.

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