Stimulus payments increased spending among low-income populations in the US

The coronavirus pandemic disrupted the U.S. economy, yet the dynamics of micro-level consumer spending among low-income populations are not well understood. A study published in PLoS ONE by Song Gao at University of Wisconsin, Madison, United States and colleagues suggests the stimulus program largely curbed the post-lockdown spending declines and stimulated spending following pandemic-related income loss by people making less than $35,977 per year.

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