March 24, 2021
IT'S A PURITAN NATION:
College students hanging tight onto stimulus money (Neal Rothschild, 3/24/21, Axios)
The notion that money that is saved/invested has not been fed back into the economy seems odd.Of the college students receiving stimulus checks, 62% plan to pocket or invest their new cash, according to a new Generation Lab/Axios poll.Why it matters: It's money that won't be fed back into the economy, and one indicator that the $1.9 trillion stimulus bill will benefit many individuals in a way that won't necessarily help the economy roar back.44% plan to spend the money on essentials, while 27% plan to pay off their credit card, student loans or other debts.
Posted by Orrin Judd at March 24, 2021 7:48 AM