By Mable Buchanan This week, many Americans received a $1,200 stimulus check from the federal government.
With a record 22 million Americans unemployed and many others struggling financially, it comes as no surprise that the majority of these funds will not see the market.
In fact, 36% of recipients will spend their stimulus checks on housing and groceries, according to CNBC.
Investing is far less appealing. When asked to rank their likelihood of using the funds for different purposes on a scale from 1 to 5, respondents to CNBC’s survey gave investing a paltry 1.77.
Even check recipients who are in more stable financial situations have cause …read more
