On Friday, Treasury Secretary Steve Mnuchin said Republicans want to sit down soon with Democrats to draft a bill “for the people that really need” stimulus checks. Mnuchin negotiated with House Speaker Nancy Pelosi before the election, and neither could come to an agreement.
Relief measures presented by both Democrats and Republicans have included additional direct payments to Americans.
So when will you get a second stimulus check?
It’s been more than seven months since the Internal Revenue Service (IRS) started distributing the initial round of relief money for Americans. A survey from the U.S. Bureau of Labor Statistics found that almost 60% of Americans used their first stimulus checks to pay for basic expenses like groceries and utilities.
Some also invested the cash or used it for other purposes. Those other purposes may have included buying affordable life insurance. This speculation comes from the fact that sales of life insurance policies have been surging this year since the beginning of the COVID-19d pandemic.