Economic Impact Payments and Household Spending During the Pandemic

Households spent only a small fraction of their 2020 Economic Impact Payment (EIPs) within a couple of months of arrival, consistent with i) pandemic constraints on spending, ii) other pandemic programs and social insurance, and iii) the broader disbursement of the EIPs compared to the economic

家庭在2020年经济影响补助金（Economic Impact Payments, EIPs）发放后的数月内，仅支出了其中极小一部分额度，该现象符合以下三项逻辑：其一，疫情对消费活动的限制；其二，其他疫情相关政策项目与社会保障体系；其三，相较于经济维度，EIPs的发放覆盖范围更为广泛。