Whether we received our rebate checks according to schedule or not, it seems their arrival (or anticipated arrival) resulted in a surprising retail resurgence. Economists who estimated retail sales would see a 0.5 percent boost during May were proven wrong when sales actually increased by one percent.
This may indicate the economy isn't as weak as thought, although it's going to take more than a month of increased consumer spending to convince me that we're finding our way out of the woods.
on Yahoo! |
I haven't spent my stimulus check as of yet. Still weighing out the options. However, I did find this site interesting. I plan on blogging my own once I decide how/where/what to spend it on.