One way to fight a coronavirus recession: $1k for every American

Re:One way to fight a coronavirus recession: $1k for every A... by Broken_Hippo on Monday March 16, 2020 @05:36PM (#22598166)

Sure, it is huge if you have your regular paycheck. But as a paycheck replacement because the preschool you work at has closed for 6 weeks? It isn't so large. It might be what you bring home every couple of weeks. (Preschool teachers often need a 2-year degree and get paid minimum wage or just a bit more).

That $1k only works if it is on top of normal wages.

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Re:One way to fight a coronavirus recession: $1k for every A... by hitpointdrew on Tuesday March 17, 2020 @02:36PM (#22608460)

Last I checked for someone getting $0, vs they now get $1k every month, that is a pretty big deal. Even if it by no means covers all expenses. It is the difference of being absolutely fucked, vs being kinda fucked, but you now have a much better chance of transitioning or making things work. Also if it is 1k for every adult, then a household with 2 adults (a spouse or significant other), now is getting (as a unit) $2k a month, that is not insignificant and can easily cover mortgage/rent and then some for most Americans.

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Re:One way to fight a coronavirus recession: $1k for every A... by Broken_Hippo on Thursday March 19, 2020 @08:41AM (#22626867)

Sure, it is better than nothing, and might cover expenses for the month. Or might not. But people are acting like folks are going to go on a spending spree - this only works if you are getting a regular paycheck anyway. This isn't gonna happen. It is survival money if it replaces regular wages, and maybe less than that if they are taking taes out.

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