![]() That represents a significant decline from a year earlier, when about 6 in 10 people said their household income had taken a hit, but it continues to show the ongoing struggles facing many Americans, said Charlie Wise, head of global research and consulting at TransUnion. About 38% of people said their household income remains impacted by the crisis, according to a study from TransUnion, a financial services firm. economy, millions of people continue to experience financial hardship. One year after the pandemic shut down the U.S. Some lawmakers are pushing for a fourth round of payments even as the IRS continues to distribute the third stimulus checks. The IRS prioritized sending checks to people who have already filed their 2019 or 2020 tax returns, since the agency was able to quickly verify eligibility based on income and also determine where to mail or direct deposit the checks.Ībout half of the newly issued checks were sent via direct deposit, with the other half sent through the mail via paper checks or pre-paid debit cards, the IRS said. The timing and delivery of checks has been a cause of anxiety for some people, especially for those who receive government benefits such as Social Security and don't typically file taxes.
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