SHOPSMART AUTOS – CUSTOMER INFORMATION – JANUARY 23, 2021 (PT.2)
Many Americans Are Feeling Confident As Inauguration Day (PT.2)
The survey was conducted as more and more eligible households are receiving their second stimulus payments. The Treasury Dept. said this week that 100 million stimulus payments have been distributed, although hiccups with tax preparation services have hindered the process and millions of recipients are still waiting for their funds to arrive. In the two months following the passage of the first stimulus package in March 2020, the Treasury and IRS distributed 159 million payments. Calculator: How Much Might You Receive In Your Second Stimulus Check? Americans reported an increase in purchasing confidence, with 49% saying they feel more comfortable making household purchases than they did six months ago—likely due to the stimulus payments. But the deadline for sending out second stimulus payments is Jan. 15, which could force many people to claim a credit on their 2020 tax return instead of receiving cash for immediate spending. Democrats Feeling Good as Biden’s Inauguration Approaches This week Democrats reached their highest confidence level since the start of the pandemic, at 55 out of 100, while Republicans are holding steady with an index of 57.3. Members of both parties saw an increase of about one point over last week in the wake of the riot on Capitol Hill. This week’s confidence levels for each party are vastly different from prior to the election. In early October, during the coronavirus outbreak at the White House that included President Trump, confidence among Democrats was dipping toward 40. Meanwhile, Republicans indicated confidence above 60. That difference has come together this fall, with a nearly 50-50 split the week after Joe Biden was declared winner of the election in November, then an eventual trend upward for both parties. Will that confidence last? President-elect Joe Biden is expected to reveal his stimulus plan today, which may boost moods among liberals, moderates and conservatives alike. But the threat of right-wing extremist violence in Washington, D.C. and elsewhere around the country may temper moods nationwide.
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