In a hurry to get money in people’s hands, the U.S. government sent stimulus checks to more than a million dead people… but did they spend it?
On a serious note, the payments totaled about $1.4 billion out of more than $275 billion already distributed, and 1.1 million payments out of 160 million payments made. On the money side, that’s a 0.51% error rate, and on the distribution side, that’s a 0.68% error rate.
That’s not bad, and it gets better.
The government knows it sent money to dead people. It figured it out, which means we have a shot at getting some chunk of that cash back, which will lower the error rate even more.
So while it makes a good joke to say that the government sent cash to people who’d already kicked the bucket, and the numbers are big enough to catch our attention, in perspective it’s more efficient than it sounds.