Americans haven’t ripped through stimulus checks just yet, Bank of America executive says

PROVIDENCE, R.I. (WLNE)- Americans have been far more responsible with their three stimulus checks than initially thought.

The Chief Executive of Bank of America says that the bank’s customers have only spent 30% of the checks.

However, things could change now that the economy is bouncing back.

Consumer spending has already passed one trillion dollars this year.

The U.S. Government has given out $804 billion dollars to U.S. citizens since the beginning of the pandemic.

© WLNE-TV 2021