Kevin Sargent looks at fencing with his daughter, Emilia, at a Lowe’s in Salt Lake City on Wednesday, April 7, 2021. Sargent will be using his federal stimulus check to pay for the fencing that he is planning to install himself. | Laura Seitz, Deseret News
Are Utahns experiencing COVID-19 stimulus fatigue?
Maybe not, but data from a new Deseret News-Hinckley Institute of Politics poll shows over half of residents don’t consider the latest, and most generous, round of stimulus checks to be that big a deal.
The survey, conducted by Scott Rasmussen on March 26-31 of 1,000 registered Utah voters, found that 54% of respondents rated the third round of stimulus checks/direct deposits that started going out last month as either “not very” or “not at all” important to their current financial situations. The poll has a 3.1% margin of error.
So far, the federal government has disbursed three rounds of checks to individuals with the goal of stimulating spending amid recession conditions wrought by the COVID-19 pandemic.
Last March, following passage of the nearly $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, many U.S. taxpayers became eligible for payments that provided $1,200 for each eligible adult and $500 for each dependent child.
In December, another round of “economic impact” payments went out, this time granting $600 to each eligible adult and $600 per dependent child. And, most recently, the $1.9 trillion American Rescue Plan provided funding for $1,400 checks to adults and another $1,400 to children. Each plan came with earnings caps on full stimulus payments that ranged from $80,000-$99,000 for single filers and $160,000-$198,000 for those filing joint returns.
And even though a solid majority of Utahns may not be in dire need of the most recent wave of federal assistance, 46% of those polled said the money …read more
Source:: Deseret News – Utah News