Over 156 Million Stimulus Payments Distributed

Treasury Department reports roughly $372 billion distributed. 

The Treasury Department announced on Wednesday that it has recently surpassed 156 million payments to individuals as a part of the recently passed $1.9 trillion relief package. A major part of the announcement was that 25 million of those payments were to Social Security recipients who had not filed 2019 or 2020 tax returns. 

A total of about $372 billion has been paid out to individuals. Among those Americans who have received payments, 33% reported that it would be used to pay bills, and another 21% to pay off debt. Another 16% of Americans stated they would increase their spending as a result. Lastly, 3% said would help their friends and family with the money. 

As the Lord Leads, Pray with Us…

  • That Secretary Yellen would seek God’s guidance as she leads the Treasury Department. 
  • That God’s will would be accomplished as the president’s administration attempts to lead the nation out of economic hardship.

Sources: AP, Politico, ABC


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