Is Another Stimulus Check Necessary? The Data Doesn't Lie.

Over the past two months, we've witnessed never-before-seen disruption to the U.S. economy, labor market, and stock market, due to the spread of the coronavirus disease 2019 ( COVID-19). With more than 3.2 million cases confirmed worldwide, nearly a third of which have originated in the U.S., stringent mitigation measures have been needed to curb transmission. Unfortunately, this has led to more than 30 million Americans losing their jobs.

Anticipating the staggering and abrupt economic downturn that lay ahead, Congress passed and President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law on March 27.

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