Bonus Tweet of the Day

[RandySF]

Link to tweet

?s=20

[Irish_Dem]

1. Some young people I know make around 50K and they are strapped.

Huge college debt, car payment, and apartment rents are expensive.
Some of them lost their jobs last year, and several months of being
unemployed took all their savings. They could lose their new jobs at any time.
They need the relief money.

[Wounded Bear]

2. K&R...nt

[Traildogbob]

3. Much more so

Than Kanye, Kushner and Olsteen getting checks for literally millions. Just to name a few GOP no repay giveaways.

[catbyte]

4. Plus, they may have made that much the last time they filed taxes, but they might not

be making anywhere near that now. I guess they'd have to quick file their 2020 taxes before it passes.

[Rebl2]

5. $55,000

not a lot of $ these days especially if you live in NY or CA and many other areas I am sure.

[soldierant]

6. Not to mention the fact that

a person earned $75K in 2019 does NOT mean that person earned $75K in 2020. A lot of those people lost those jobs. And not everyone who had one of those jobs could have afforded to save enough in 2019 to cover even just rent through 2020, even had they known then that they would need to.

[BobTheSubgenius]

7. It is hard to imagine, for us boomers, just how hard it is to get by these days,

with either rent or mortgage to pay. If a young (or even middle-aged) couple SOMEHOW manages to get a $250,000 down payment together. Inheritance, perhaps...or struggling through with a mortgage until they had equity...or whatever else that I cannot imagine.

In this market, assuming you bought a house EXACTLY at the average single-family price point, you still have a MILLION DOLLAR MORTGAGE!

With a term of 25 years, your monthly payments are almost $4600. That is an annual cost of $55K of AFTER TAX income.

Unfathomable.

[TheBlackAdder]

8. In NJ, the adjusted poverty level is around $28,000.

.

Thanks for the ?️ someone! I just saw it pop up.

.

[Tommymac]

9. K & R

[Hermit-The-Prog]

10. If the limit is below what it was for the $600, it's a political scheme to hurt Joe.