A lot of people count on having this big bonus payment to spend/blow on ____ come April or May. I don't really get it personally, but they do. My wife was telling me how kids at her middle school talk about knowing tax time is coming, because their parents have money to spend and they can go get new shoes. There's businesses that advertise "use your tax bonus here and get this extra or in return".
Throw on top of it that it was automatic unless you had BOTH parents in a joint-file household opt out to not get it (I don't understand that at all, it just makes it more difficult for people to opt out), a lot of people don't pay attention to and ignore items such as this, come spring they're going to be shocked about it and instead of a big refund they could potentially owe back, and a lot of people are going to be angry come spring 2022. I get the idea behind it and what they were trying to do, I just think they're out-of-touch with the saving and spending habits of lower-class Americans regardless of their political leanings. Some people would rather get $300 once than $50 6 times.
Yes, those freewheeling Gangsta kids rejoicing they can get new clothes, including even shoes, because their family may not be broke as s*** after they get their tax refund. Horror upon horrors. If only those poor people knew how to manage their money and scrape by rather than buying expensive flashy sneakers for their kids. But hey, that's why they're poor in the first place, amarite?
