Many Americans used part of their coronavirus stimulus check to trade stocks

Many Americans used part of their coronavirus stimulus check to trade stocks

Luis Alvarez

The U.S. government passed the largest piece of stimulus legislation in our nation’s history to allow people to keep paying their bills during the forced economic shutdowns due to the coronavirus. 

Consumers, in turn, used a lot of that money to speculate in the stock market.

Securities trading was among the most common uses for the government stimulus checks in nearly…

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