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The U.S. House of Representatives and the Senate finally reached an agreement and passed the $900 billion COVID relief bill that includes a $600 stimulus check for Americans.

Individuals who earn up to $75,000 or $112,500 for the head of household and married couples who earn $150,000 are eligible to receive the $600 stimulus check. The bill also provides a $600 stimulus check per dependent child.

For many,  the $600 will go straight to paying off their debts. It means the money will just go back to banks and not into their pockets. For those people, this is not a stimulus. It’s not even treading water. It’s just drowning slower.

— Beau Willimon (@BeauWillimon) December 23, 2020 

A poll by “Survey Monkey” clearly shows that Americans aren’t satisfied with the $600 check and find it significantly low. The poll indicates that 62% of respondents said the amount is not enough. 

Billionaire investor Mark Cuban also said that $600 isn’t sufficient. He previously suggested a $1,000 stimulus check every two weeks or at least two months.

On Tuesday, President Donald Trump threatened to veto the COVID relief bill citing the reason that $600 is not sufficient to help struggling Americans. He demanded that Congress increase the stimulus check to $2,000.

Economists believe that the relief package isn’t enough to cover the bills of many families encountering hardships due to the COVID-19 outbreak.

Diane Swonk, the chief economist at Grant Thornton, told CNBC on Monday “It’s critical to have cash, particularly in those pockets that are already empty, and we’ve seen many households already running out of fumes. The $300 in enhanced unemployment benefits sustains families more than the $600 checks do”.

The $600 stimulus check generated many tweets from angry Americans who believe that it’s not enough.

Olugbenga Ajilore, senior economist at Center for American Progress also said "People are facing evictions, utility disconnections and continued struggles in the labor market dealing with the virus, while a one-time check of $600 is better than nothing, it's woefully insufficient as relief, let alone as a stimulus."

Americans reacted to the $600 stimulus check on Twitter and launched the #LetThemEatCake and #600IsNotEnough hashtags, to quickly trend on Twitter on Wednesday.

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