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 (1) Estimated using $150B+ California is estimated to get in stimulus checks and expanded unemployment benefits from American Rescue Plan, multiplying by 41% that LA DMA represents of total CA households, and subtracting estimated expanded unemployment benefits. (Sources: “California could get $150 billion from federal coronavirus relief bill”, by Adam Beam, The Associated Press, March 11, 2021; Claritas 2021 Pop-Facts).

(2) Sources: Bank of America Research Investment Committee survey, February 2021; U.S. Census Bureau Household Pulse Survey, Week 24, Feb 3-15, 2021.

(3) Sources: Bank of America Research Investment Committee survey, February 2021; Claritas 2021 Pop Facts.

(4) Source: Bank of America Research Investment Committee survey, February 2021.

(5) Source: California Department of Finance