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- We Asked ChatGPT What Would Happen If Everyone in America Got a $10,000 Stimulus Tomorrow — Here's What it Said</p>
<p>Vance CariagaJuly 12, 2025 at 7:04 PM</p>
<p>ArtMarie / iStock.com</p>
<p>If you were hoping for an economic stimulus check from the federal government, you're likely to be disappointed.</p>
<p>The idea of a stimulus check briefly made the rounds earlier this year when the Department of Government Efficiency (DOGE) — formerly led by Elon Musk — promised trillions of dollars in federal budget savings.</p>
<p>As GOBankingRates previously reported, there was talk that the Trump administration would distribute 20% of DOGE's expected tax savings in the form of a stimulus payment or dividend check as high as $5,000 per recipient. But Musk's promised savings were much lower than originally projected, and the stimulus talk came to a halt.</p>
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<p>But suppose the government did issue a stimulus check — not for $5,000, but for $10,000, which is much higher than the $1,400 checks issued by the Biden administration during the COVID-19 pandemic.</p>
<p>We asked ChatGPT what would happen if everyone in America were issued a $10,000 stimulus check tomorrow. The first thing it said is that the effects would be "massive and complex" and touch on nearly every aspect of the U.S. economy and society.</p>
<p>Below are a few of the other things you could expect.</p>
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<p>Short-Term Economic Boom</p>
<p>Most Americans would "immediately spend" some or all of the money on items such as cars, electronics, rent, debt and travel. This in turn would provide a major boost to businesses in the retail, travel, hospitality, food and related industries. The stock markets would also rise due to higher consumer confidence and business revenues.</p>
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<p>Inflation Would 'Likely Spike'</p>
<p>A sudden surge in consumer spending would increase demand faster than supply could keep up. One result is that prices would rise for everything from homes and gas to groceries.</p>
<p>Less Debt, More Savings</p>
<p>Many Americans would use their $10,000 checks to pay off credit cards, student loans and medical bills, which would greatly improve the financial situations of millions of households. For those who don't have a lot of debt, such as the wealthy, part or all of the stimulus money would go directly into bank savings.</p>
<p>Lower Income Americans Would Gain the Most</p>
<p>According to ChatGPT, $10,000 is a "life-changing" sum for people who have been living paycheck-to-paycheck, so lower income Americans would enjoy a major financial boost. The checks would temporarily narrow the wealth gap, while also convincing some Americans to leave the workforce or reduce their hours.</p>
<p>Scams Would Increase — and So Would the National Debt</p>
<p>One of the main risks of a massive stimulus program is that it would attract fraudsters and cybercriminals and lead to more financial scams.</p>
<p>Meanwhile, the U.S. government would have to spend about $3.35 trillion to issue $10,000 checks to every American — which is roughly the size of the entire federal budget. This would lead to a "massive" increase in the national debt unless it were offset by higher taxes or spending cuts elsewhere. In addition, the Federal Reserve might have to "aggressively" raise interest rates.</p>
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<p>This article originally appeared on GOBankingRates.com: We Asked ChatGPT What Would Happen If Everyone in America Got a $10,000 Stimulus Tomorrow — Here's What it Said</p>
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