The Last Stimulus Check Had a Major Economic Impact

Christy Bieber, The Motley Fool
·3 min read
The Last Stimulus Check Had a Major Economic Impact

In response to the COVID-19 pandemic, lawmakers previously authorized the payment of two coronavirus stimulus checks. One of these direct payments was delivered into Americans' bank accounts by the CARES Act, which passed in late March of 2020. As lawmakers consider approving a third direct payment, it's worth looking at the impact of the most recent one -- especially since it had a profound positive effect on the economy.