$1400 relief payments

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Flush With Cash, Americans Are Buying Everything From iPhones To Teslas

Pedestrians carry shopping bags as they walk through the Union Square shopping district on April 15 in San Francisco. Data on Friday showed personal income jumped 21.1% last month, in what was the largest increase on record. Justin Sullivan/Getty Images hide caption

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Justin Sullivan/Getty Images

The Coronavirus Crisis

Flush With Cash, Americans Are Buying Everything From iPhones To Teslas

April 30, 2021 • Personal income jumped by a record 21% last month, largely thanks to those $1,400 relief payments. The extra cash helped fuel a jump in spending that should continue in the months to come.