"President Donald Trump recently mentioned, again, his plan to send Americans a $2,000 check paid for by new tariffs. In November, the president told Axios, "We're going to be issuing dividends later on, some somewhere prior to, probably in the middle of next year, a little bit later than that. Thousands of dollars for individuals of moderate income, middle income." More recently, he told The New York Times that this tariff dividend could go out toward the end of this year."
"For older people who want a safe investment and don't need the money right away, one investment might be the State Street SPDR Bloomberg 1-3 Month T-Bill ETF ( NYSE: BIL). It is liquid and has a 3.6% yield. Alternatively, people could just take Warren Buffett's advice for most investors and buy the equivalent of the S&P 500. He believes that, year in and year out over the long run, very few money managers will beat its return. Plus, there are no large money management fees."
Americans may receive $2,000 checks funded by new tariffs, targeted to moderate- and middle-income households and possibly to low-income households. Timing could be toward the end of this year or around the middle of next year. Eligibility details and exact funding sources remain undecided, though the payments are to be underwritten by tariff revenue. The payments would likely be tax-free because the funds originate from a tariff-based charge. Uses should vary by age and income: immediate spending for affordability and inflation buffering, short-term safe holdings like a T-bill ETF for older investors, or long-term equity exposure such as S&P 500 indexing or select tech stocks.
Read at 24/7 Wall St.
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