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Here’s how Americans are using their $1,400 stimulus checks – CNBC

As new one-time payments reach Americans, many are using the money to cover their monthly bills and pay for essentials.

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As new $1,400 Covid stimulus checks roll in, Americans are using them to pay monthly bills, regardless of their incomes, a new survey finds.
Bankrate.com found that 45% of Americans plan to use the latest round of checks for monthly expenses, followed by 36% who plan to use the money for day-to-day essentials, 32% who want to pay down debt and 28% who intend to add to their savings. (Respondents were allowed to choose more than one use.)
Notably, just 13% of survey respondents said they will put…

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