Stimulus Payments: Spending, Savings, or Both?

November 25, 2022

About three out of five Americans who received COVID-19 stimulus payments used the funds to make purchases or pay bills, which was consistent with the federal government's intention to stimulate the economy. However, many people used at least part of the funds to improve their overall financial position by building savings or paying down debt.

chart-about-how-people-spend-stimulus-money

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