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And It would drive inflation in those products that lower-income people in particular purchase. Actually, I don't think the effect will be big enough to notice

And It would drive inflation in those products that lower-income people in particular purchase. Actually, I don't think the effect will be big enough to notice, except that I bet there'll be loud and targeted offers for poor people with a lack of judgement: "$1,000 plus a trade-in will get you a new car!" "Click here to invest your $1,000 windfall in BitCoin!"

anonAndOn 4y ago
Not to belittle the windfall but a thousand bucks doesn't go very far these days, especially for families. Because of the timing of the payouts in Oct & Nov, it's probably just going to make a lot of the Thanksgiving and Christmas holidays better than they would have been. Get your Honey Baked Ham order in early, I guess?