{ "media_type": "text", "post_content": "Do people need to get stimulus checks is their job was not impacted by covid and they continue to be employed?", "post_id": "5f15e59da0b55f0028e09eb3", "reply_count": 11, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Do people need to get stimulus checks is their job was not impacted by covid and they continue to be employed?

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The stimulus check isn’t to help the person out. It’s so that they can spend it and help out the businesses that are hurting. It doesn’t work in practice because most who are okay will just save it.

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It still helps the economy some, if people save it the banks are able to tend more. Ofcourse, you dont get the same bang for your buck.

Sad part is that If your spouse was laid off this yr you still don’t qualify for stimulus check. It’s purely based on your last yr income and not on you job condition

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I think you will still get it, just that it will be when you file your 2020 taxes in 2021. I think technically this was a $1200 tax credit for your 2020 taxes.

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Maybe you didn't get laid off, but your significant other did and your household income was cut in half. Maybe you have family members now being hit with massive medical bills. We're ALL going to be impacted by COVID - it's just a matter of when.

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Still employed but I took a 20% cut and my spouse lost his OT so we were grateful for the check.

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The economy is locked up. During times of uncertainty Americans don’t spend in the same places / put off big purchases. This means right now Supermarkets / Amazon are killing it whereas Ford / GM are going to get slaughtered.

I want to spend but I didn’t get any 😭

Practically speaking, I’m not sure how the Fed could track to that level of detail given unemployment is a state-administered program and over $1 BN was sent to dead folks, who most certainly can’t spend it.

The checks are meant to spur demand. About 70% of GDP is driven by consumption. When the economy goes in the tank, people pull back spending which resonates throughout. So the checks are meant to go to people who have the lowest savings (the converse of consumption) and also carry the highest consumption rates. So the answer is very much yes. Now if you are wondering if there are more efficient forms of stimulus then that answer is also yes but with the government we have, those checks are about as good as we can hope for.

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