Rebate Checks: Stimulus for Lenders
Submitted by Isaiah J. Poole
April 28th, 2008
Posted in
As much as 60 percent of the $107 billion in rebates being sent to individuals and families starting this week as part of the Bush administration's economic stimulus plan will be used to pay down debt, according to a survey by Goldman Sachs. Another survey by the University of Michigan and Reuters said that only three in 10 rebate recipients plan to spend their rebate checks.
SourceAssociated Press. "Shoppers will spend rebates on necessities." Accessed via MSNBC.com on April 28, 2008.
Patti Doam. "Rebate Checks: Which Stocks Will Benefit (Or Not) From Spending." Accessed via CNBC.com on April 28, 2008.
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