Where People Spent Stimulus Payments – And Where They Didn’t
PYMNTS
SEPTEMBER 9, 2020
A recent report by the National Bureau of Economic Research (NBER) finds that recipients of the initial $2.2 In one example, with the 2001 tax rebates, households spent roughly 20 percent to 40 percent of those funds in the first quarter after receiving them, with two-thirds spent over the first six months.
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