• Almost half of Americans used the $1,400 stimulus checks to pay off debt

    4 days ago - By Business Insider

    According to survey data from the Surveys of Consumers at the University of Michigan, 45% of respondents mostly used the $1,400 stimulus checks to pay off debt.
    Stígur Már Karlsson /Heimsmyndir/Getty Images
    A new paper looks at how Americans used their third stimulus checks.
    A large share, 45%, of Americans surveyed used the $1,400 to mostly pay off debt.
    Claudia Sahm said the checks were used to help families financially but also helped "stimulate the economy."
    See more stories on Insider's business page .
    The third round of stimulus checks helped families with expenses and bills, but in...
    Read more ...