Stimulus ➡️ stocks or stash
Overview: Economic fortune-tellers and lawmakers are trying to forecast the pace of a full economic rebound.
New data suggests that students that receive a stimulus check aren't pouring their $1,400 back into the economy en masse.
But, this sort of financial planning is still contributing to the theory of an inevitable "pent-up boom."
Axios/Generation Lab Youth Poll | n=804 | March 16-18th
Of those receiving $1400 stimulus:
62% plan to save or invest the stimulus
40% plan to spend on essentials (rent, food, utilities/toiletries)
30% plan to pay credit card, student loans other debts
Only 8% and 6% plan to spend on travel and recreational goods respectively