Biden's 1.9 trillion could end up in stocks

About $ 400 billion in payments will go directly to homes, to people earning less than $ 75,000 a year or married couples up to $ 150,000, and their children.

President Joe Biden's $ 1.9 trillion deal will soon begin to flow into the US economy, with some analysts saying much of that money could eventually be invested in stocks or bitcoin. Over the weekend, the government began sending direct $ 1,400 direct payments to almost everyone in the United States. About $ 400 billion in payments will go directly to homes, to people earning less than $ 75,000 a year or married couples up to $ 150,000, and their children.

And that does not include child tax liabilities or unemployment benefits in the big pocket, including Covid-19 content fees, speeding up vaccinations, helping to open schools, and helping local and local businesses and governments. Direct payments amounting to $ 5,600 - excluding taxes - for a typical family of four, financial managers hope will boost the US economy. But most Americans say that instead of spending money, they will use that money to pay off debts, add savings, or invest, according to a study by the Bank of America, which interviewed 3,000 people. The bank found that 30 percent would use the money to pay off their debt, 25 percent would save, and 9 percent would invest.

Those funds "will remain within the financial system and do not create the need for goods and services in the real economy," the report said.

Major stock indexes set new records for two days in a row after Biden signed a law promulgation policy last week, investors said the speedy financing would boost rapid global economic recovery.