Consumers Use Rebate Checks for Bills and Gas
PETER S. GOODMAN
The New York Times
May 31, 2008
"MIAMI — The federal government is showering households with tax rebates to spur spending and invigorate a troubled economy. But many Americans are so consumed with debt and the soaring price of gasoline that they are opting to save the money or use it to pay bills, according to surveys, sales data and interviews with people from Florida to California.
Between late April and the end of last week, the Treasury handed out more than $50 billion of the $100 billion in tax rebates it plans to distribute to 132 million households. But only once in the last six weeks have chain stores registered an increase in sales, according to the International Council of Shopping Centers, whose weekly sales survey is a widely watched barometer."
YUP-cause we are in Depression times. We want to keep our houses.
Saturday, May 31, 2008
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