UH_SPMEIP_A1 is a 5-digit numeric variable with values ranging from 0-99,999 dollars.

Description

SPM Unit's total Economic Impact Payments last year, 2021-2024

In 2020, Congress acted to provide direct payments - called Economic Impact Payments - in an attempt to mitigate the economic crisis precipitated by the COVID-19 pandemic.

The CARES Act, enacted in March of 2020, provided for up to $1,200 per eligible adult and $500 for qualifying children under age 17. Individuals with an adjusted gross income over $75,000 and married couples with an adjusted gross income over $150,000 recieved reduced payments.

The COVID-related Tax Relief Act of 2020, enacted in December, provided for up to $600 per eligible adult and for each qualifying child under age 17. Individuals with an adjusted gross income over $75,000 and married couples with an adjusted gross income over $150,000 recieved reduced payments.

In the 2021 ASEC, respondents were asked who in their household recieved Economic Impact Payments and in what amount. UH_SPMEIP_A1 is the total amount of Economic Impact Payments recieved by all members of the SPM Unit, as defined by SPMFAMUNIT.

Comparability

UH_SPMEIP_A1 is comparable across all available years.

Universe

Flags

Harmonized