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Everybody has been patiently waiting for Congress to pass more legislation and authorize more direct payments to Americans. But as the negotiations have taken months to progress, one of the big lingering questions has been how badly does society support more stimulus checks?
After all, we have seen some measures like unemployment decrease at a rate better than expected so do we really need an additional round of stimulus checks for the public?
Well, according to a recent Gallup survey, 70% of Americans would support the government sending an additional economic impact payment (EIP) to all qualified adults.
As you would expect, a higher percentage of Democrats voted to support additional stimulus check but there is still a clear majority preference across all parties.
- 82% of Democrats
- 64% of Republicans
- 66% of independents
Respondents in the age bracket between 35 and 44 had the highest support for more checks with a support rate of 77%. The second strongest support group were those aged 65 and older and the least amount of support came from those aged 18 to 34 (65%).
You would hope that lawmakers would see such a high level of support for more checks from certain groups like those aged 35 to 44 and would respond accordingly.
Remember, we have already seen official support come from Democrats, the White House, and the GOP. So literally everybody is on board with the idea of more checks.
However, lawmakers are still currently in a stalemate over the overall price tag of the next stimulus package as well as what some of the contents should be.
We are hoping to hear some details next week but more and more individuals are speculating that we might not see a package get passed until after the elections or possibly until 2021, depending on who wins the presidential election.
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Daniel Gillaspia is the Founder of UponArriving.com and creator of the credit card app, WalletFlo. He is a former attorney turned full-time credit card rewards/travel expert and has earned and redeemed millions of miles to travel the globe. Since 2014, his content has been featured in major publications such as National Geographic, Smithsonian Magazine, Forbes, CNBC, US News, and Business Insider. Find his full bio here.