Pent up demand and $300 monthly checks to add up to good news for retail
July 14, 2021
Parents of 90 percent of American children will begin receiving monthly checks of up to $300 per month, per child, between July and December. This newfound money will enable lower and middle-income consumers to make purchases they might not normally make. Analysts at Cowen expect that the child credits will be renewed past December, adding an estimated $150 billion in stimulus to the national economy over the next year.
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