The majority of Americans say that the $600 given out as part of the most recent stimulus package has made little to no difference in their lives, and that the money won't last them long, Bloomberg reported. This is according to a poll from Bankrate, which found that 53 percent of those who'd either already received a payment or were expecting one did not believe the money would stretch further than one month, and that 18 percent didn't expect it to make any real difference in their lives at all. Not to say that they didn't want the money at all: 44 percent said it was very important that they get the checks

This is far less than what was projected earlier this year, when a payment platform calculated that these payments would last about three months, based on the logic that its data showed that the $1,200 that was part of the CARES Act lasted six and a half months.

Reports from the Philadelphia Inquirer say that working people generally spent their money on necessities such as rent (one person used it to pay her share of the rent and had $12 left over), food, utilities and medicine.

The incoming Biden administration is planning to make $1,400 stimulus payments a major part of its new stimulus proposal. The number was chosen to realize the previous demand for $2,000 that, ultimately, turned into $600. Former Federal Reserve Chair and current nominee for Treasury Secretary Janet Yellen said recently to Congress that failure to take quick action on virus relief will only serve to extend the economic pain the pandemic has wrought.