MASON CITY, Iowa - Keep an eye on those mailboxes. A little extra spending money could be coming your way.
Congress is working on some coronavirus relief in the form of stimulus checks.
Each person would receive $1,000 or more, plus an additional $500 for each child.
This wouldn't be the first time the government has tried this approach. Back in 2008, the Feds sent checks out to try and ease the onset of the Great Recession.
Economics Instructor Rayce Hardy from Riverland Community College says the stimulus does have a positive psychological effect on consumers, but the money is not enough for people facing job loss.
“Our government is going to need and businesses are going to need to continue to look out for those people because it's not a handful, it's tens of thousands and even millions of workers that don't have a guaranteed income coming in,” said Hardy.
There's no word yet on when the stimulus checks will be sent out.
- Coronavirus stimulus checks could be coming to a mailbox near you
- Dealing with Snowy Mailboxes
- Undocumented immigrants unable to get stimulus checks
- Stimulus checks to be deposited within weeks
- Reaction to $2 trillion stimulus
- What's in the $2 trillion coronavirus stimulus bill
- President Trump signs $2.2 trillion coronavirus stimulus bill
- Social Security recipients will not have to file taxes to get stimulus check
- Congress finalizing $2 trillion stimulus bill
- Senate approves historic $2 trillion stimulus deal amid growing coronavirus fears