As the Biden administration looks to quickly pass a third major economic stimulus program, some of its allies on Capitol Hill and elsewhere are mulling mixing up the formula for payments to households, looking to make them recurring instead of the lump sums seen in the past.
Getting money to households is, for the government, a relatively easy task. Getting them to spend it, however, can be hard — those not in need of immediate help often squirrel away the extra cash or use it to pay down debt.
Recurring payments, in theory, might ease that concern somewhat, by allowing families to plan for better months ahead, advocates say.
“Families, small businesses…