Quote:
Originally Posted by Leon
I am not saying it made a difference, and certainly not for a very expensive card, but there was a lot more stimulus than just the PPP....People were receiving much more than their jobs paid, to be doing nothing. Never understood how they should make more but it happened. Not getting political but our govt. needs to quit spending like a drunken sailor on payday. It's going to be a mess in the future, imo.
Back to the carrd at hand, that top sale should be investigated by LE....
.
|
I'm going to agree with Leon here, and not merely because he's our benevolent overlord.
In addition to the general sentiment about spending, a reminder that there were 3 rounds of direct payments to individuals/families, which you can read about here:
https://home.treasury.gov/policy-iss...mpact-payments
For some within my orbit with a handful of kids and whatnot, they received total direct payments from our generous friends in DC that ran well into 5 figures, all while continuing their jobs and continuing to get paid for their jobs. For many of us, I suspect we don't remember getting anything because we make too much. Or because it's been a hot minute and memories fade quickly at our age.
On the other side of the ledger, there were student loan payment pauses that just barely ended (last month, if memory serves). Plus some people stopped paying rent or their mortgage because those were also paused in many states. Add it all up and it's a lot of extra cash for fun stuff, with relatively few fun options outside of letting it ride on crypto and the equity markets, or buying more cardboard.