Americans are receiving their third stimulus check since the start of the global pandemic in March/April last year. Moreover, many are using this money to pay their landlords or ensure that they do not default on their mortgages and loans, whilst others will be spending this cash injection on home improvement.
A lot of people have been working from home since the beginning of the pandemic. This meant that a large number of people felt the need to better their home office setup to ensure that they could properly do their jobs. However, that is not where the home improvements begin or end.
Home improvements aren’t only about fun DIY projects or adding a new coat of paint to the living room. For many people, repairs are something that they have been putting off due to financial constraints. But with the third stimulus check on the horizon, many finally have the cash they need to fix things around the house; this can include anything from fixing washing machines to repairing old plumbing.
58% of Americans who are eligible to receive a stimulus check have planned to use a percentage of that money for home improvements. Whether that means following some home improvement trends or replacing rusty pipes, that rests solely on them.
This drive to home improvement is fuelling the DIY and home goods industries, which is important during economically difficult times such as these. With more and more people being vaccinated, hopefully, we will see a return to normal in the relatively near future.
