In May, the economic stimulus package will grant $600 to every citizen over 18 in the country, to my knowledge. The government intends for us all to spend that money and thus stimulate the economy.
So what are we all going to buy with this cash? If you say you're going to invest or save it, then you're defeating the purpose of this initiative.
Personally, I'd rather invest it towards a car or other future expenses, but since I'm encouraged to spend it much earlier than that, I think I'll just put it towards more CD's. That's all I really spend money on these days.
So what are we all going to buy with this cash? If you say you're going to invest or save it, then you're defeating the purpose of this initiative.
Personally, I'd rather invest it towards a car or other future expenses, but since I'm encouraged to spend it much earlier than that, I think I'll just put it towards more CD's. That's all I really spend money on these days.