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Employers are not required to disclose details of their rebate agreements.
(The tax cut has been approved, but people have yet to receive their rebate checks).
Some households will surely put their rebate into a savings account or use it to pay down debt.
Yet one survey suggests that almost half of the people planned to spend most of their rebate.
According to a recent Gallup poll only 17% of respondents expected to spend their rebate, while over 30% intended to save it.
Using real-time daily consumption data for 34,000 households (from a Nielsen database), they check whether consumption jumps when households get their rebate cheques.
Similar(34)
This summer Indiana and Wisconsin reduced their rebates.
Some are saving their rebates, others are spending them now, and still others will spend most of their rebates before the year ends.
In fact, he added, it could force domestic automakers to increase their rebates.
(Enhanced STAR participants do not have to apply; their rebates are sent automatically).
A lot of taxpayers will probably use their rebates to pay off debt.
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