Chart of the Week: The $2 Trillion Stimulus a.k.a. CARES Act

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Apr 06, 2020
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Chart of the Week, Economics, Current Events

Great infographic from howmuch.net (hat tip to Jessica for finding!):

Questions:

  • How will this stimulus affect
    • You and your family?
    • Your community?
    • Businesses in your town?
  • Rank order the 6-7 groups from those receiving the most benefit to those receiving the least. Do you agree with these priorities? Explain.
  • This is the biggest federal stimulus program in history at over $2 trillion. What do you think makes this current situation different from previous economic downturns in the last 50 years? 
  • Supplemental: Pick one of the six groups getting a significant amount of the stimulus (State/Local government, small business, large corporations, individuals, public health and student loans) and learn more about the funding they will be receiving. 

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FinCap Friday has a NEW! EdPuzzle video on stimulus checks. Check it out here! 

 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.