Millions of credit-card customers can’t pay their bills

Re:Millions of credit-card customers can’t pay their bills by maxerickson on Saturday April 25, 2020 @03:03PM (#22980442)

There's federal unemployment assistance of $600 a week in the US.

The $1200 is a 'stimulus' payment going to everyone.

Paying businesses to keep people on payroll may have been a better policy (as the disruption gets longer that changes).

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Re:Millions of credit-card customers can’t pay their bills by Smithalicious on Saturday April 25, 2020 @04:55PM (#22981411)

Christ, $600 per week is insane. That's more than twice what I have as a student living in the Netherlands.

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Re:Millions of credit-card customers can’t pay their bills by RhysU on Saturday April 25, 2020 @05:15PM (#22981566)

$1200 is not going to everyone. Some get $0.

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Re:Millions of credit-card customers can’t pay their bills by maxerickson on Saturday April 25, 2020 @05:25PM (#22981651)

Yes true, I forgot that there's an income taper.

Seems the payment starts decreasing for people earning something like the 70th percentile?

(It's hard to figure because it differs for filing status)

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Re:Millions of credit-card customers can’t pay their bills by jorblumesea on Saturday April 25, 2020 @03:08PM (#22980492)

Good point, thanks for correcting me.

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