... free money!Am I meant to feel guilty that I plan to squirrel it away rather than spend it to stimulate the economy?
Before posting a comment, please read this.
When we got ours last year, I intended to save it -- but ended up putting it back into the largest single sector of the economy --- healthcare. It was exactly what my out of pocket expenses were for breast cancer... $1,100....
I planned to save mine as well, but mine too went towards medical expenses.
That's what doesn't make any sense to me about these so-called stimulus checks--people either use it to pay down debt or they save it or they see the doctor. Australia should be able to use the US as an example here. We barely stimulated the economy with our checks, and there's no reason to think that Australians will either (I would imagine). We donated some of ours to Obama...
I think spending it on health care counts as putting it into a productive part of the domestic economy just as much as if you'd spent it on something in a high street shop.That said, I agree that this kind of stimulus isn't wildly effective. Give me old fashioned Keynesian infrastructure building any day of the week.
Talk to me! (You know you want to!)