from The Rich Dad Channel
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was passed by Congress on March 27, 2020. The $2.2 trillion stimulus package provided relief for Americans and for businesses who were reeling from the effects of the coronavirus pandemic. The package included financial help in the form of stimulus checks of up to $1200 for eligible Americans.
On May 15, 2020, the proposed legislation known as the HEROES Act passed by the US House of Representatives is set to provide another round of stimulus checks to the American people. This package, however, is worth a massive $3 trillion and would increase the size of stimulus checks to individuals and married couples with children, but it also includes rental aid and mortgage relief.
Some are saying these stimulus checks are exactly what Americans need, while others fear this a test-run for proposed Universal Basic Income.
In this episode of Millennial Money, Robert reveals what he sees as the biggest problem of “paying people not to work” and gives his suggestion to Millennials about how to maximize the return of their stimulus check.