Stimulus Money Gone: What’s Next for Struggling Americans?
Pandemic Relief Ends, Credit Card Debt Rises: How to Stay Afloat
According to USAToday, The extra money that the government gave Americans during the pandemic is gone. This means many Americans are having trouble making ends meet. They’re using credit cards and taking on debt to pay for things they need.
Many Americans are struggling because they lost their jobs, don’t have enough money coming in, and have to pay high prices for things like housing, food, and gas. “Americans are getting used to life after the pandemic,” said George Hammond, a professor at the University of Arizona. “They’re dealing with less money, no stimulus checks, and still have to pay high prices.”
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Will Stimulus Money Gap Sink or Save the Economy? Experts Weigh In
Some experts don’t think this will cause a big problem for the economy, but it could slow down how much Americans spend. Since Americans spend a lot of money, this could affect the overall economy. But some Americans are lucky because they refinanced their homes and are saving money on their mortgage payments.