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Cutting off stimulus checks to Americans earning over $75,000 could be wise, new data suggests Heather Long, The Washington Post Jan. 26, 2021 FacebookTwitterEmail WASHINGTON - As President Joe Biden pushes for another round of stimulus payments for most Americans, calls are escalating to target the aid solely to low and moderate-income families, and new data suggests that it would provide the most needed and effective boost for the economy. Families earning under about $75,000 typically spend the money quickly, according to a new analysis of how Americans are using the $600 payments this month, a study by Opportunity Insights, a nonprofit research organization. Families earning above that threshold typically save the stimulus payment, which provides little help to the overall economy and signals that the money was not as urgently needed.

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