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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
33667 posts

How are people spending their stimulus checks?
Two groups, those households/individuals make more or less than 75K.

Group 1 spent the money on debt, insurance, travel, home improvement, and electronics.

Group 2 spent the money on education, home improvement, opening stock and trading accounts, and utilities.








Group 1 was the higher income group


Bestbank Tiger
Tulane Fan
RTWFU
Member since Jan 2005
52326 posts

re: How are people spending their stimulus checks?
It's not that surprising.

The higher income group already has investment accounts and is less likely to need the money so they can use it for travel or a new TV.

Group 2 - if they didn't lose their jobs they have free money + opportunity to buy low.


tduecen
New York Yankees Fan
Member since Nov 2006
151723 posts

re: How are people spending their stimulus checks?
I spent mine to pay down see debt, bought stocks, and donated it


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jimbeam
USA Fan
University of LSU
Member since Oct 2011
62129 posts

re: How are people spending their stimulus checks?
Idk. It went in my bank account and I spent like usual. Mortgage? Gas? Good?


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TheWalrus
LSU Fan
Somewhere
Member since Dec 2012
24985 posts

re: How are people spending their stimulus checks?
I never got mine


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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
33667 posts

re: How are people spending their stimulus checks?
quote:

It's not that surprising.

The higher income group already has investment accounts and is less likely to need the money so they can use it for travel or a new TV.


what was the cap on income to receive the check?


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buford4LSU
LSU Fan
Thibodaux, LA
Member since Jan 2008
1316 posts

re: How are people spending their stimulus checks?
It appears most people bought bricks and Molotov cocktails


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50
Mizzoufan26
Tennessee Fan
Honolulu
Member since Sep 2012
13446 posts

re: How are people spending their stimulus checks?
quote:

The higher income group already has investment accounts and is less likely to need the money so they can use it for travel or a new TV.


Except there was a huge discount on stocks so using this money to purchase more was the prudent thing to do


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TD SponsorTD Fan
USA
Member since 2001
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WM88
LSU Fan
West Monroe
Member since Aug 2004
1255 posts

re: How are people spending their stimulus checks?
I invested and bought my wife an iphone.


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arcalades
LSU Fan
USA
Member since Feb 2014
13579 posts

re: How are people spending their stimulus checks?
invested half and other half is just sitting in the bank


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Pipedream
LSU Fan
Member since Nov 2019
1133 posts

re: How are people spending their stimulus checks?
Invested all of it.


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Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
15542 posts

re: How are people spending their stimulus checks?
Higher income earners didn’t need to money to keep the lights on. I’m shocked


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kengel2
LSU Fan
Team Gun
Member since Mar 2004
17104 posts

re: How are people spending their stimulus checks?
quote:

spent the money on debt


Paid off a car that had just a few payments left.

quote:

opening stock and trading accounts


Then did this. Probably should have just done this in hindsight.


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TheCaterpillar
LSU Fan
Member since Jan 2004
76774 posts

re: How are people spending their stimulus checks?
Paid off a credit card.


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Lawyered
Ole Miss Fan
The Sip
Member since Oct 2016
8278 posts

re: How are people spending their stimulus checks?
Didn't qualify


Sure would've been nice to collect with everyone else though...

that's the part that sucked is everyone else is standing under the money tree and I wasn't allowed to


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