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Economy, Personal Finance

“Bill payments jump 30% as Americans use $1,400 stimulus checks to cover household expenses”

“There was a 30% month-over-month increase in the number of payments made to pay household bills from March 17 to March 21, according to the latest research from bill pay service doxo. During that same weeklong time frame, the total amount paid was 37% higher when compared to the same period in February… During the week of March 17, there was a 29% increase in credit card payments as compared to the same period in February, doxo found. There was a 72% increase in the amount paid…”

https://www.cnbc.com/2021/04/01/americans-using-third-stimulus-check-to-pay-down-debt-catch-up-on-bills.html

  

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