03-27-2020, 10:35 AM
(03-27-2020, 10:31 AM)HarleyDog Wrote: I don’t see as much spending for goods as some. I think the majority will be spent on utilities, Dr bills and/or a house payment or two. Of course your going to see a rise in tv sales that’s for sure.
Couple things:
1) Harley is spot on. This will help the utilities and mortgage holders and landlords more than than the folks getting the money. But some will "waste" it by getting items they don't "need" because...
2) It's been shown that "poorer" people spend the money when they get it more than "richer" people who will save it.
Giving money to the lower income people will keep the economy going a bit more. Always has. That's why I never got the lure of supply side (trickle down) unless you were already at the top.
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