From paying credit cards to buying a Vespa, how did we spend our stimulus money?
Cleveland Plain Dealer: Jonathan Ernest, assistant professor of economics at Weatherhead School of Management, said that the recent round of stimulus money gave Americans more of a cushion. “It’s almost like found money,” he said. “They’ve been waiting to undertake these activities for so long. You feel like it’s a one-time shock. You don’t feel quite the same responsibility to stash that money away for a rainy day.”