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Barbara Weltman

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Economic Impact Payments Aren’t Being Spent at Small Businesses

May 15, 2020 / By Barbara Weltman

According to findings from The Ascent, a Motley Fool Company, over half of respondents who said they’re putting their stimulus check toward purchases will do so at a big-box or chain store. Less than 15% said they’d go to a local small business. The pandemic has changed how Americans view money. Before the pandemic, only about 30% prioritized money for survival, but with the pandemic that number jumped to nearly 50%.

Alert: Follow coronavirus-related federal tax changes for your business through the IRS.

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