Congress recently approved $250 billion in direct payments to Americans during an unprecedented pandemic when millions of people have lost their jobs and many others have lost income or had their hours slashed.
Out of the 200 largest U.S. cities, Dayton ranked fifth in the nation for the share of households likely to receive payment, SmartAsset said.
Almost 93% of those households are expected to receive the full economic impact payments, worth up to $1,200 for individuals and $2,400 for married couples, SmartAsset said.
Other Dayton households, with higher earners, are expected to qualify for reduced payments, bringing Dayton’s overall share of households receiving payments to 97.4%.
According to SmartAsset, the only cities that will benefit more from economic impact payments are Hialeah, Florida; Sunrise Manor, Nevada; Brownsville, Texas; and Toledo.
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Individuals who earn up to $75,000 annually and married couples who earn up to $150,000 will qualify for the full $1,200 economic impact payment.
The median individual income in Dayton is $21,835, while the median family income is $46,729, according to SmartAsset.
“Nationally, 80.48% of households would receive the full benefit amount, and 89.02% of households would receive some kind of benefit, even if reduced,” SmartAsset said.