Americans are spending their coronavirus stimulus checks on food, gas and paying back friends

Here's how Americans are spending their coronavirus stimulus checks.

Americans are starting to receive cash payments from the federal government's coronavirus relief package.

New data compiled by digital bank Current found users are spending the stimulus money on essentials like food and gas. The data gives an early glimpse at how Americans lack cash for daily expenses as the coronavirus pandemic has shut down businesses and left millions unemployed.New data shows the government's coronavirus stimulus checks are providing much-needed relief to Americans struggling with day-to-day living costs.over the past five days spent 16% of the money on food, including takeout and delivery. An additional 9% of spending was on groceries and 10% went toward gas.

"Clearly food is an issue, people are struggling," Current CEO Stuart Sopp told CNBC. "They're just trying to survive, and I think that's what the stimulus was all about." The figures give an early glimpse at how Americans will use cash transfers from the government as the coronavirus pandemic has shut down businesses and

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