The National Interest covers doxoiNSIGHTS’ recent report, Household Bills and Financial Health After a Year of COVID-19: Changes in Consumer Saving and Spending Habits, in an article about the public reception of stimulus checks. Reporter Ethen Kim Lieser writes:
About nine in ten respondents felt confident that stimulus payments will help the U.S. economy improve between “a little” and “a great deal,” while 63 percent said their financial health will recover within the next twelve months.
As for how Americans spent the government-issued funds, the majority of the checks was found to be spent on reducing household bills. In fact, roughly 60 percent of stimulus recipients used the money to pay off such bills, which included those for utilities, cell phones, and internet.