New Stimulus Money Could Be Direct Deposited As Soon As Next Week

After months of dragging their feet, Republicans and Democrats in Congress have agreed on a $900 billion stimulus package. The nuts and bolts of which industries will get what goodies are sure to come out eventually, but the part of the bill I assume most people reading this want to know about is when they’re going to get their money.

The good news is that it will apparently happen pretty quickly. Steven Mnuchin, the Secretary of the Treasury, told reporters this morning that $600 per person could arrive as soon as next week:

Now, $600 is not the $1,200 that was paid per person in the previous stimulus package, but at least the relief will be coming soon for those who need it.

However, this round will not go to everyone. According to the Washington Post, the threshold of $600 is only for those who earned less than $75,000 in 2019. Those who earned more than $75,000 will receive less than $600. If you earned over $99,000 in 2019, you will receive zero.

My sincere belief continues to be that, while the winter will be cold and dark, by next summer America will be humming. There will be a lot of pent-up demand to do ANYTHING outside of the house, which will ultimately create opportunities for workers.

Written by Ryan Glasspiegel

Ryan Glasspiegel grew up in Connecticut, graduated from University of Wisconsin-Madison, and lives in Chicago. Before OutKick, he wrote for Sports Illustrated and The Big Lead. He enjoys expensive bourbon and cheap beer.

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  1. What a joke? Almost 7 months of shutting down the economy, this is only the second check being sent out and those who earn more than $75k will receive less and over $99k will receive zero. The politicians in DC are all filthy POS. They really think the American people are stupid.

  2. I wish the money was targeted to help those who were out of work. Me and my co-workers will end up getting $1,800 each from the government that we don’t need nearly as much as those sitting at home due to the lockdowns. As for it being “stimulus”, the ones who’ll benefit most are the Wal-Marts & the Lowe’s…you know, the businesses the government decided were allowed to stay open. The small business owners forced to close will see little of that stimulus for THEIR businesses.

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