According to investopedia.com, a stimulus check is a check sent to a taxpayer by the U.S. government. Stimulus checks are intended to stimulate the economy by providing consumers with some spending money.
Government money was first issued in March 2020 to help Americans and the economy in the beginning of the Coronavirus pandemic. According to thebalance.com, a check of $1,200 was sent to eligible adults earning up to $75,000, and qualified families could apply for an additional $500 for each child under the age of 17.
A second round of stimulus checks with a base amount of $600 was sent to Americans at the end of December, but some haven’t received their money yet.
High schoolers are not eligible for stimulus checks, unless they file taxes, but numerous students know how they would spend their money.
“If I received a stimulus check I wouldn’t know how to spend it. I think I’d use most of it to help my new business,” senior, Marley Sims said.
“I would just save the money. There’s nothing out there that I’m dying to buy and I don’t want to waste the money,” senior, Ricardo Villalobos said.
“I’d definitely split the money up. [I would] save some of it and then use the rest for spending purposes. I’d probably buy more Squishmallows,” senior, Alexandra Levy said.
A stimulus package for high schoolers would be an interesting conversation. Some individuals would use the money responsibly while others would spend the full $1,200 in one day.
“I think college students or teens that support their families should qualify for stimulus checks simply because they need it. A few college students are on their own so that money could be really beneficial, and the same thing goes for those teens that are taking care of their younger siblings or whole families,” Levy said.
“I think a stimulus package for teens would be silly, unless it went to teens who really needed it. I don’t think high schoolers and government money blend well,” Sims said.