30 Percent of Americans Spending Stimulus Money on Bills: Survey

30 Percent of Americans Spending Stimulus Money on Bills: Survey
President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio, Texas, on April 23, 2020. Eric Gay/AP Photo
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:

Nearly one-third of people said they used their stimulus money to pay off bills, according to a survey that was released this week.

According to a survey from YouGov, 30 percent of respondents used the stimulus money—up to $1,200 deposited by the federal government—to pay bills. Another 14 percent said they placed it in their emergency savings fund, 10 percent said they bought essential goods, 8 percent said they paid toward debts, 3 percent said they bought non-essential items, 2 percent said they gave it to family and friends, 2 percent said they gave it to a charitable organization, 2 percent said they saved for retirement, 2 percent said they saved the money for a down payment on a home, and more.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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