I commented a while ago that I don't think the economic stimulus package will really have the intended effect. As far as I know, everyone I talk to is using their tax rebate to pay debt or they're putting it into savings.
It appears that my observations are no aberration. According to this USAToday article, only 21% of people receiving a rebate check plan to spend it on non-necessities. Everyone else intends to pay down debt (47%) or save (32%).
Of course, probably more will be spent than what people originally intend, and apparently there is some research that says these consumer plans don't usually pan out. But still, I think this time may be different, considering how bad the economic problems are.
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