What Did People Do With Their Stimulus Checks? Many Saved Them and Economists Hope That Will Drive Spending Soon

<p>How have people finances held up during the pandemic? In many cases, not well, but many households have been saving and economists hope that these savings and pent-up demand will push economic growth this year when businesses open back up. 36% of people have saved their stimulus checks, 35% paid down debt, and 29% spent it right away. Harriet Torry, economics reporter at the WSJ, joins us for more.</p><p> </p> Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>