46% Of Stimulus Checks Invested In The Stock Market?
46% of people invested their stimulus checks in the stock market?
Here’s what you need to know.
A new survey from Betterment of 1,500 investors revealed some surprising discoveries about how recipients of the latest stimulus check spent their money.
- 91% got a stimulus check;
- 46% invested at least some of their stimulus check; and
- Of those who invested their stimulus check, 70% invested at least half or less of their stimulus check
That means nearly half of respondents invested their stimulus check — which was intended to be essential money to help recipients weather the financial storm of the Covid-19 pandemic. The third stimulus check was part of the American Rescue Plan — the latest stimulus package — and was up to $1,400 for individuals. In contrast, the same survey conducted last year…