Movers and SHAKERS
Breakdown How Americans Might Allocate Their Stimulus Checks
Individually the stimulus checks being sent may not have a measurable impact on the 85% of Americans expected to receive them. However, in the aggregate, the force of the combined payments of $1400 (individuals) earning up to $75,000, and a little less for those up to $80,000, will add to the bottom lines of different industries, as we’ve seen before, can send sectors of the stock market soaring.
We thought you’d like a look at some numbers off of The Census Bureau's Household Pulse Survey to see what people said they did with their last stimulus check earlier in 2021.
This Household Pulse survey was taken between February 3–15.
Just over half of all surveyed adults said they are part of a household where someone received a stimulus payment within the previous week.
-57% of respondents said at least part of the checks were used to pay for food.
-44% said part or all of the check would be used to pay for utilities.
-21% Would use the money toward vehicle payments.
-15% used their stimulus check during that period toward savings and investment.