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Consumer confidence remains stable in June

Consumer confidence remains stable in June
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Gordon Institute of Business Science s Press office on Bizcommunity

Gordon Institute of Business Science s Press office on Bizcommunity
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One in 4 Americans dipped into their savings in December

It s reflective of America s K-shaped recovery, in which those at the top have been able to save more money during the pandemic, creating increasingly larger cushions, as those at the bottom of the K have been falling into poverty. Stimulus chaos created a grinchy Christmas MagnifyMoney s findings follow America s miserable Christmas.  After months of legislative gridlock, Congress finally struck a deal on a new $900 billion coronavirus stimulus package on December 20. The package promises $600 in stimulus checks and an extra $300 week in unemployment benefits. But by then, it was too little, too late. Stimulus payments didn t start hitting Americans bank accounts until the week after Christmas, with direct deposits beginning December 29 and paper payments following the next day. The post-holiday rollout likely left some Americans scrambling to pay for Christmas costs. 

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