- Feb 20, 2010
- Reaction score
What businesses will be open to spend it in? It will be used for rent/mortgage payments and at the grocery store. I think it's necessary, but it's not going to prop up the other 90% of the economy much.
I'll start with your second sentence first: yes, for most Americans they'll need the money for the basics. But study after study has shown that more wealthy Americans tend to just put windfalls into savings. I'm saying not to do that.
There will be lots of places. If the checks come next week, get takeout from a local restaurant or buy a gift card. Buy a gift card at a brewery. Prepay at your local health club.