How Have Households Used Their Stimulus Payments and How ...

An average 18 percent of these funds was used for essential spending and an average 8 percent used for non-essential spending, resulting in a ...

How Did Americans Spend Their Stimulus Checks and How Did It ...

Those payments helped mitigate the loss of employment-based income for many households and temporarily eased the economic damage from the ...

How Are Americans Using Their Stimulus Payments?

The majority of adults in households that received a stimulus check from the federal government say they used it or planned to use most of it on household ...

An Update on How Households Are Using Stimulus Checks

They also reported saving or planning to save an average 37 percent of their stimulus checks and use 37 percent to pay down debt. These shares ...

Most Stimulus Payments Were Saved or Applied to Debt | NBER

Survey data on household behavior suggest that nearly 60 percent of the stimulus spending went to pay off debt or was saved. Of the roughly 40 percent that was ...

Stimulus Update: 3 Most Common Ways People Used Their ...

Perhaps refreshingly, debt payments were the single most popular use of stimulus checks, amounting to 31% of the money spent. According to data ...

How did federal stimulus recipients use their checks? - Dallasfed.org

As intended, the payments significantly increased household incomes (Chart 1). The payments accounted for about 18.6 percent of personal ...

Update: Three rounds of stimulus checks. See how many went out ...

More than 476 million payments totaling $814 billion in financial relief went to households impacted by the pandemic.

Stimulus Payments, Child Tax Credit Expansion Were Critical Parts ...

Relief legislation provided three rounds of Economic Impact Payments, delivered primarily via direct deposit, to most households. For the first ...

Receipt and use of stimulus payments in the time of the Covid-19 ...

What did, or will, you and your household spend the “stimulus payment” on? Respondents were given a list of choices (see analysis section for these) including ...

How Did US Consumers Use Their Stimulus Payments? | BFI

Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15 percent reporting that they mostly spent it.

How Did Americans Spend the Stimulus Checks They Got from the ...

In particular, the households that used their payment mostly for expenses spent that money on living expenses such as food and household ...

How Have Households Used Their Stimulus Payments and How ...

Reported expected uses for a potential second stimulus payment suggest an even smaller MPC, with households expecting to use more of the funds to pay down their ...

How Did the Stimulus Checks Affect Household Finances?

About three-quarters of households saved their second and third EIP checks or used them to pay down debt, regardless of job loss status (see ...

How Are Americans Using Their Stimulus Payments? - Census.gov

... a stimulus payment are spending it on household ... Adults in households with incomes between $75,000 and $99,999 were more likely to use their ...

Here's How Americans Spent Their Stimulus Checks - Forbes

For the first stimulus check, almost 75% used, or planned to use, their stimulus payments for household expenses. Why? The first stimulus check ...

Impact of the Coronavirus Stimulus Checks on the Economy

Finally, 49% of the stimulus money was used to pay debt. This package also included a monthly Advance Child Tax Credit (CTC). Households with children that were ...

How US consumers use their stimulus payments - CEPR

We report in Table 1 the response of households to the qualitative question of how they used their stimulus payment: mostly spent, mostly saved, ...

How Effective Were Stimulus Checks in the US? - Chicago Booth

The stimulus prompted an immediate, general uptick in household spending, the researchers find, but households with cash on hand tended to save ...

How did U.S. Consumers Use Their Stimulus Payments?

For example, lower-income households were significantly more likely to spend their stimulus checks, as were households facing liquidity constraints. Individuals ...