Most stimulus payment recipients are spending their checks on household expenses

New survey research from the U.S. Census Bureau finds that 85.5 percent of adults in households that had received a federal stimulus payment reported that they had used or planned to use most of it on household expenses. Household expenses include food, rent, mortgage, utilities, household supplies, personal care products, and clothing. While 80 percent of adults reported using the stimulus payment on food, only 8.1 percent said they planned to spend it on household goods such as electronics, furniture, appliances, fitness equipment, or toys and games. The adults more likely to report that they would put their stimulus check towards paying off debt or to add to savings were those in households with incomes between $75,000 and $99,999. #covid-19