I saw a news item last week, that said the consumer savings rate is the highest it has ever been. People aren spending on much (no vacations, etc).I'll be putting it the same place I put the other ones: towards student loans. I believe the majority of stimulus money has gone towards paying off debt, a great reason as to why these checks are very poor idea.
instead what they are doing is paying off debt. Face it, a vary large amount of people are working from home and don’t have the expenses of commuting and all. The means testing for these checks is a gift to most. My daughter is 27 and wont get one because she is working...she is just over the limit.
My wife and I qualify and we’re retired. We don’t need it, so may give it to the kids.