Bloomberg: Americans Plan to Save Rebate Checks
Well ... either that, or they were drunk.
As we know, Americans have "planned" to do lots of well-intentioned things before — like saving money — but it just never seems to work out. They're always interrupted by unforeseen emergencies, like Christmas. Or 10%-Off sales at Best Buy. Or Toyota's twice-per-year Annual Sales Event.
What Bloomberg's survey tells us is that:
Only 18 percent of respondents said they will spend their rebate on purchases, while slightly more than three in 10 said they prefer to use the money to pay off debt, and a third said they'll pocket it.
Sixty percent of folks say they'll either use it to pay off debt, or save it outright?
Hmmmm. I'll take the under.
A majority — 57 percent — said Bush hasn't taken sufficient steps to aid the housing industry and help holders of subprime mortgages, a growing number of whom face foreclosure because of rising monthly payments. Among households with annual incomes below $40,000, almost seven in 10 said the president hasn't done enough.
Now that's more like it: Let's be sure to complain about how much more hand-holding the government should be doing for us. And, just for good measure, let's do the complaining in a survey that asks how we plan to spend the $168 billion that Uncle Sam is about to dole out.
It's pretty sickening, really.
Labels: Saving
