More than one-in-four Americans who expect a stimulus check plan to spend it on housing, according to a new survey by Crediful.
More than one-in-four Americans who expect a stimulus check plan to spend it on housing, according to a new survey.
Millennials were the most likely to plan to use stimulus checks to cover housing costs, at 31.3%. Only 26.3% of Generation X respondents and 22.8% of Baby Boomers planned to use the money on rent or mortgage payments, according to the study. Unemployment jobless claims hit a new high, for the week ending April 4, reaching 6.6 million. The economic uncertainty during the pandemic led Google searches for “mortgage relief” and “mortgage refinance” to spike in March to an all-time high. Meanwhile, a third of American renters were unable to pay rent at the beginning of April .
“One of the most surprising results was that credit card debt ranked as highly as it did… It could be seen as encouraging that people are considering credit card debt and looking to tackle it, even with finances being volatile right now,” said Morris.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nearly 30% in the US believe a coronavirus theory that's almost certainly not trueDespite evidence from infectious disease experts suggesting otherwise, nearly 30% of Americans in a new Pew poll said they believe the novel coronavirus was likely created in a lab.
Read more »
During Coronavirus Pandemic, Women’s Unemployment Exceeds Men’s in Almost All SectorsThe coronavirus has dealt a massive blow to U.S. economy, resulting in dramatic job losses and sharp rises in unemployment for both women and men since February. But so far, women workers are paying the biggest price.
Read more »
The Tiger King and I Almost Offers a Corrective to the Hit SeriesWas the Tiger King afraid of tigers? Netflix’s new “eighth episode” will make some viewers question what came before.
Read more »
Canada coronavirus deaths rise by almost 9% to 734: public health agencyThe number of people killed by the coronavirus in Canada rose by almost 9% to 734 in a day, official data posted by the public health agency showed on Monday.
Read more »
Women Accounted for Almost 60% of March Job Losses in U.S.Those in leisure and hospitality see biggest impact amid coronavirus pandemic
Read more »
Shailene Woodley Said 'Very Scary' Illness Almost Ended Her CareerIn an interview with the New York Times, Shailene Woodley revealed that she was 'very, very sick' in her early 20s, while filming the 'Divergent' series.
Read more »