Most American families received economic stimulus payments in April 2020.
- Non-Hispanic white Ohioans were more than three times as likely as non-Hispanic Black Ohioans to use their stimulus payment to add to their savings.
- White Ohioans were also more likely to mostly use their stimulus to pay down debt.
- 85% of non-Hispanic Black Ohioans and 81% of Hispanic/Latino Ohioans mostly used their stimulus payment for expenses. Rather than looking to the future, these families had to use the money now.
7.6 Million Ohioans received COVID-19 stimulus payments, and many used them to meet their basic needs.
Source(s):
U.S. Census Bureau. COVID-19 Household Pulse Survey, Week 11 (July 9-14) results for Ohio.
U.S. Census Bureau. COVID-19 Household Pulse Survey, Week 11 (July 9-14) results for Ohio.