A proposal by right-leaning scholars advocates giving Americans access to $5,000 stimulus check ... [+] loans in exchange for delayed Social Security benefits Getty$5,000 Stimulus Check Loan Proposal:The Washington Post reported that senior economic officials at the White House are exploring a polarizing proposal by conservative scholars at the right-leaning American Enterprise Institute and Hoover Institution. There is currently $38 trillion in Social Security benefits that has been accrued by 2019 that has not yet been received by households. Given the immediacy of the $5,000 payment and the long-time frame before incurring the cost - Social Security benefits can be claimed starting at age 62 - there is a high likelihood that many cash-starved and desperate Americans would readily opt in and delay receiving Social Security benefits. According to the Social Security Administration (SSA), 44% of all unmarried and widowed women get 90% or more of their total income from Social Security. Full coverage and live updates on the CoronavirusFuther Coronavirus-Related Reading:MORE FROM FORBES Was A $2,000 Per Month Stimulus Check Included In The $484 Billion Senate Bill?

Source: Forbes May 11, 2020 12:50 UTC