- In fact, about 52% of the data of the checks — specifically the checks that were sent out through June 3 as a part of the third stimulus check — were to those who made less than $50,000.
- And about 10% went to Social Security, the Railroad Retirement Board, and the Department of Veterans Affairs beneficiaries, according to NJ.com.
Cities such as Washington, D.C., and New York City received a small number of payments for the third stimulus check, Bloomberg reports.
- People from Midwestern states and the West Coast, however, received the highest number of payments, according to Bloomberg.
Will there be a fourth stimulus check?
Probably not. There has been speculation that Congress could discuss another round of stimulus checks during the pandemic, according to Yahoo Finance. But it’s unlikely because so much of the stimulus check cash has remained unspent.
U.S. House Republican Whip Steve Scalise said there’s a lot of stimulus money still unclaimed, meaning that some checks have gone unspent by people who received them.
- “There’s over a trillion dollars of money unspent from previous (coronavirus) relief bills ... still sitting in a bank account,” he said on ABC’s “This Week.”
- The IRS told The Boston Herald the data show “the number of people who either refused to accept, paid back or not cashed the stimulus checks they received from the IRS as a result of the CARES Act that was signed into law on March 27, 2020.”