4 ms·
households with income under $40k mainly used stimulus money to pay down debt or purchase essentials https://libertystreeteconomics.newyorkfed.org/2020/10/how-
by ruined 5y ago
households with income under $40k mainly used stimulus money to pay down debt or purchase essentials
https://libertystreeteconomics.newyorkfed.org/2020/10/how-have-households-used-their-stimulus-payments-and-how-would-they-spend-the-next.html https://libertystreeteconomics.newyorkfed.org/2020/10/how-ha...
a good chunk did go to savings but for budgets this small that usually means a savings account or cash at home.
i expect unemployment was spent similarly.