This is how fast Americans are spending their stimulus checks — and here’s a breakdown of what they’re buying

This is how fast Americans are spending their stimulus checks — and here’s a breakdown of what they’re buying

When Americans received stimulus checks during the Great Recession, studies indicated many spent at least of portion of their money on cars.

During the 2008 stimulus program, up to 90% of the rise in durable good spending had to do with auto spending, according to previous research by the American Economic Association.(At that time, the government paid an individual between $300 and $600 and…

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