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A majority of the upcoming $1,400 government stimulus check will be saved rather than spent, according to a survey conducted …
Subscriber Account active since A majority of the upcoming $1,400 government stimulus check will be saved rather than spent, according to a survey conducted by Bank of America. In a note on Wednesday, the firm highlighted the results of its survey to combat the idea that inflation is going to see a sustained spike, as the bank sees a bulk of the upcoming stimulus check not flowing into the economy. BofA surveyed 3,000 people at the end of February about what they would do with another stimulus check. Only 36% of respondents said they would spend the money, with 30% saying they would pay off debts,25% saying they would save it, and 9% saying they would invest it.
