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"Any burst of spending based on the stimulus payments is likely to prove short-lived".
In America, taxpayers stopped receiving cash stimulus payments from the government.
The federal government sent about 3,900 economic stimulus payments of $250 each this spring to prison inmates.
Democrats in Congress have proposed a second round of stimulus payments, a move the administration has resisted.
With the stimulus payments at an end, Americans now have fewer buffers between their pocketbooks and higher energy costs, falling home values and the tight credit market.
Playing an important role, he said, would be roughly $100 billion in stimulus payments to Americans over the next few months.
Similar(32)
This means that someone who typically does not spend money as it arrives — but who did spend slightly more after the stimulus payment — may have reported they "mostly spent," even though they still may have saved most of the stimulus.
Two things the U.S. consumer has to look forward to in the second quarter are a tax credit, and the one-time stimulus payment to social security recipients.
Have you gotten your IRS "economic stimulus payment" yet?
However, the closest Congress got to this funding level was in 2005, when it hit 18.5percentt of the average, and in 2009, when the one-time economic stimulus boosted payments.
As Australians continue to receive their $900 economy stimulus package payments from our cute-as-a-button, yet something-of-a-let-down of a Prime Minister, it's interesting to see what people are deciding to squander their free money on.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com