Stimulus Relief: Less Spending, More Saving
PYMNTS
APRIL 28, 2020
In 2001, the government gave most households up to $600 ($875 adjusted for inflation) and in 2008 handed out up to $1,200 per household. And in those cases, Jonathan Parker, an economist at the Massachusetts Institute of Technology, told the Boston Globe , the attempt was pretty successful. households. . government.
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