Reopening America

What Did People Do With Their Stimulus Checks?  Many Saved Them and Economists Hope That Will Drive Spending Soon

How have people finances held up during the pandemic? In many cases, not well, but many households have been saving and economists hope that these savings and pent-up demand will push economic growth this year when businesses open back up. 36% of people have saved their stimulus checks, 35% paid down debt, and 29% spent it right away. Harriet Torry, economics reporter at the WSJ, joins us for more. Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

We have shifted into a new phase in the coronavirus pandemic. We are social distancing, washing our hands, wearing face masks, and we are Reopening America. Oscar Ramirez from the Daily Dive Podcast updates you on any new information about the virus and vaccine development, but will focus on how cities, states, and industries affected by the shutdown are opening back up.