The federal government provided 3 waves of special advance tax credits to qualified Americans during the COVID-19 pandemic in support of its humanitarian efforts. These stimulus payments were widely acknowledged as having helped families weather the financial downturn and decreased the potential economic damage the pandemic may have brought.
However, how many individuals truly got stimulus payments?
In the initial round, almost 210 million individuals got a payout, as per a recent study by the Center for Economic Studies, a branch of the U.S. Census Bureau. That translates to about two-thirds of the whole American population. In light of this, it appears that some people who qualified for a stimulus check received their money.
Who got stimulus payments, and how soon?
Almost 228 million individuals were identified to be possibly qualified by the researchers, which indicates that 92% of those who qualified for a check ended up getting one.
This is an average amount of receipts, the researchers add. Even yet, it implies that even the IRS’s best efforts to give out credits to everyone who qualifies, millions of Americans who might have received a check did not.
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