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BMM ArticlesA Wealth of KnowledgeVideo GalleryA Few Dollars Morewith Bill Schmick

Tag: K-shaped recovery

CAPITAL IDEAS: Where is my ‘stimmy’?

April 5, 2021 by Allen Harris

A “stimmy,” according to Merriam-Webster, is a slang term that refers to the stimulus payments made to Americans as part of COVID-19 relief packages. There’s not a lot of good data on how Americans have, so far, spent their 2021 stimmies. As an investor, it’s a good idea to consider where some of that roughly $400 billion in checks from the $1.9 trillion American Rescue Plan (ARP) will flow. Perhaps it will go where it has gone before? An October 2020 Federal Reserve study found that 29% of the first round of stimulus checks were spent. Of the amount spent, nearly two-thirds…

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Berkshire Money Management, Inc.
161 Main Street, Dalton, MA 01226 | (413) 997-2006 • (888) 232-6072

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