I’ve already talked about the fact that we will probably be looking at another stimulus package come early next year. I have heard from different news sources that waiting in the wings will be several packages hopefully to get the American taxpayer back on his or her feet.
The best way I can see that happening is if more jobs are created in America. Simple economics means (and I think pretty simply) that if you can get people working, they will save and spend locally where they are living. That money going back into the economy will stimulate people to continue to sell goods and services and as they grow, hire more people and pay them to do their jobs and the circle starts growing outward again instead of contracting.
If another round of stimulus checks gets issued, I hope that along with it will be some sort of local, state and national plan to get individual Americans working. One check can only go so far in putting food on the table, keeping a house warm in winter, maintaining electricity to keep the lights on or medicine for people who are sick.
I’ve already stated that I think if you get a stimulus check you should save it or at the very least use it to do something that might generate income for you that you might not have thought of before. No, I don’t mean play cards or hit the races with it. I mean if there was that side business that you wanted to start and had researched, now is the time to think about implementing it. Especially if you have goods or services that people would want in any type of economy. If what you are offering is more suited for a down economy, so much the better.
Good luck and let us hope that our economy get stimulated and quickly!
Kim Isaac Greenblatt
Is your economy stimulated? Check! Er, or is it no checks?