Mike Heath

40%
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By April 14, the stimulus checks of up to $1,200 for more than eighty million Americans were deposited; the 21 percent surge in spending that followed was spent on durable goods, like microwaves ordered from Walmart, but spending on in-person services only rose 7 percent, doing little to repair the holes in the economy. Small businesses had lost 40 percent of their jobs.
The Plague Year: America in the Time of Covid
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