Economic Stimulus Checks

I thought I would cover the topic of this economic stimulus check that people are receiving to help offset the hard times that many Americans are facing. With foreclosures, and people not making payments on lines of credit, installments loans, and credit cards the government of course steps in to help when America needs it the most.

What are people doing with the money?

I don’t, for one minute, believe that this will help our people in need of the money.  Many people who have been counting down the days to receive the check have ALREADY SPENT THE MONEY! People who are in a hardship are typically people who have not managed their money well in the first place, and when they know they are getting a check for $600 or $1200 they have already made the purchases and need to pay it back already. With the government having so many alternatives to helping our economy, it is very sad to know that the government uses a system that hurts the people in economic hardship.

How is this affecting consumers?

First of all, the consumers are dishing out this money while creditors are offering down payments with their stimulus checks, or being offered lending opportunities if they use the stimulus check as cash for a car, or credit cards, and many other ways where people are getting into more debt using the stimuls check. It amazes me in these times how many people are using this to get deeper into debt.

I had to put this link on here of where you can go to find out when you will receive your stimulus check.

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