A nonpartisan nonprofit is recommending the federal government consider sending fewer stimulus checks out in a pending round of CCP virus relief because wealthy Americans were less likely to spend the money than poorer ones. Congress approved and then-President Donald Trump late last year approved and signed a bill that included $600 checks for most Americans. The nonpartisan nonprofit Opportunity Insights found that households earning more than $78,000 were likely to spend just $45 from the checks over the first month after receiving them. People with lower incomes spent at least $90 from the checks, the analysis found. “Based on these results, we estimate that households earning more than $78,000 will spend only $105 of the $1,400 stimulus check they receive—implying that $200 billion of additional government expenditure will lead to only $15 billion of additional spending,” Opportunity Insights, located at Harvard University, stated (pdf). “Targeting the next round of …