Most Americans are planning to spend their stimulus rebate checks to pay down existing debt or add to their savings, not to fuel the kind of consumer spending that would bolster the economy, a new Los Angeles Times/Bloomberg poll has found.
Only 18% of respondents to the national poll said they intend to spend the money they receive later this year from the federal government as part of an effort to inject cash into the sputtering economy. By contrast, 34% said they intend to save it and 31% intend to use it to pay off existing debts.
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